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Fly News Breaks for June 6, 2016
QLIK
Jun 6, 2016 | 07:49 EDT
CLSA analyst Ed Macquire downgraded Qlik to Underperform following the acceptance of the $30.50 tender offer from Thoma Bravo. Macquire said the bid undervalues the business while averting any potential risks involved in bringing profitability up to comparable levels of software peers. The analyst lowered his price target on Qlik to $30.50 from $35 on shares.
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