Craig-Hallum Upgrades Akamai on Activist Investor

12/19/17

By Brandy Betz, SeekingAlpha

Craig-Hallum upgrades Akamai Technologies (NASDAQ:AKAM) from Neutral to Buy with an $80 price target.

The firm says that the arrival of activist investor Elliott Associates reshapes Akamai’s risk-reward balance.

Akamai shares are up 2.5%.

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