Wedbush downgraded Astria Therapeutics (ATXS) to Neutral from Outperform with a price target of $13, down from $28, after the company reached an agreement to be acquired by BioCryst (BCRX) for cash and stock at an implied value of $13 per share, or $700M.
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Read More on ATXS:
- BioCryst price target raised to $27 from $17 at Citizens JMP
- Astria downgraded to Market Perform from Outperform at Citizens JMP
- BioCryst reinstated with a Buy at TD Cowen
- Astria Therapeutics downgraded to Perform from Outperform at Oppenheimer
- BioCryst weakness presents ‘compelling’ buying opportunity, says RBC