Pacific Crest Downgrades LogMeIn (LOGM) to Sector Weight

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Go back to Pacific Crest Downgrades LogMeIn (LOGM) to Sector Weight

JPMorgan Upgrades LogMeIn (LOGM) to Overweight

July 27, 2016 7:28 AM EDT

JPMorgan upgraded LogMeIn (NASDAQ: LOGM) from Neutral to Overweight with a price target of $96.00.

For an analyst ratings summary and ratings history on LogMeIn click here. For more ratings news on LogMeIn click here.

Shares of LogMeIn closed at $69.71 yesterday.

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LogMeIn (LOGM) to Merge with Citrix’s (CTXS) GoTo Business

July 26, 2016 4:01 PM EDT

LogMeIn, Inc. (Nasdaq: LOGM) and Citrix Systems, Inc. (Nasdaq: CTXS) announced that the companies have entered into a definitive merger agreement for LogMeIn to combine with Citrixs GoTo business in a Reverse Morris Trust transaction. The transaction is valued at approximately $1.8 billion based on shares to be issued and LogMeIns closing price of $65.31 as of July 25, 2016. The transaction, which has been unanimously approved by the Boards of Directors of Citrix and LogMeIn, is expected to be tax-free to Citrix and its shareholders for U.S. federal... More