Wells Fargo downgraded Arcellx (ACLX) to Equal Weight from Overweight with a $115 price target after Gilead (GILD) announced it is acquiring the company for $115 per share and a CVR of $5 per share.
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Read More on ACLX:
- Arcellx downgraded to Neutral from Outperform at Baird
- Arcellx downgraded to Hold from Buy at Truist
- M&A News: Arcellx Stock (ACLX) Booms 70% after Gilead Buys Cancer-Fighting Biotech for $7.8B
- Gilead to acquire Arcellx for $115 per share in cash at closing, or $7.8B
- Arcellx downgraded to Neutral from Buy at Rothschild & Co Redburn