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ubs downgrades altus power stock rating amid tpg acquisition announcement
UBS has downgraded Altus Power from Buy to Neutral following TPG Rise Climate's announcement to acquire the company for $5.00 per share, with the deal expected to close in Q2 2025. Despite a recent 24% stock gain, UBS anticipates stable pricing until the transaction's completion, supported by significant investor backing. Meanwhile, JPMorgan upgraded Altus Power to Neutral, citing the offer's reasonableness amid current market conditions.
ubs downgrades altus power to neutral after tpg rise climate acquisition announcement
UBS has downgraded Altus Power from Buy to Neutral following TPG Rise Climate's announcement to acquire the company for $5.00 per share. Despite a recent 24% stock increase, the price target remains at $5.00, with a high likelihood of the deal closing in Q2 2025, supported by major investors.
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