VIZIO receives Neutral rating from Piper Sandler, target price reduced to $11.50; mixed analyst reviews and Walmart acquisition at $11.50 per share under investigation.
VIZIO (VZIO) has received a Neutral rating from Piper Sandler, with a reduced target price of $11.50 from $12.00. Other analysts have also given mixed reviews on the company, with Craig Hallum reiterating a hold rating, B. Riley cutting from a buy to neutral, Needham & Company restating a hold rating, and Roth Capital downgrading from a buy to neutral. VIZIO is set to be acquired by Walmart for $11.50 per share in cash, which has sparked an investigation by Bronstein, Gewirtz & Grossman, LLC, encouraging investors to seek compensation for alleged wrongdoings.
March 02, 2024
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