RE: Jeffries / Betenberg rating of 615 p now12 Sep 2022 12:40
Didi888 this is as much as I can see…..
t’s hardly been the best week for Darktrace, the cybersecurity company whose shares slumped by a third on Thursday, but clients of Jefferies were told to look beyond the inevitable “short-term volatility” resulting from Thoma Bravo, the private equity fund, saying that it would not proceed with a potential takeover bid. In fact, Charles Brennan, an analyst at the bank, reckons it’s the perfect time to take a punt on the stock as he resumed coverage of the company with a “buy” recommendation.
Ending the bid process should “enable investors to focus on the core fundamentals of a business executing well, with leading technology in a very attractive end market”, he said.
Hope that helps ATB