Bernstein downgraded Avidity Biosciences (RNA) to Market Perform from Outperform with a $72 price target after the company entered into a definitive merger agreement to be acquired by Novartis (NVS) for $72 per share in cash.
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Read More on RNA:
- Avidity Biosciences downgraded to Neutral from Buy at H.C. Wainwright
- M&A News: Novartis to Acquire Avidity Biosciences in $12B Deal
- Novartis agrees to acquire Avidity for $72 per share in cash
- Novartis close to deal to buy Avidity for over $70 per share, Bloomberg says
- Avidity Biosciences Delays Biologics License Application