Following unconfirmed reports that Abbott (ABT) is nearing a potential acquisition of Exact Sciences (EXAS), BofA moves to No Rating, citing the belief that the stock is no longer trading on fundamentals.
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Read More on EXAS:
- Buy Rating Maintained Amid Speculation of Abbott’s Strategic Acquisition of Exact Sciences
- Buy Rating for Exact Sciences Amid Potential Abbott Labs Acquisition and Growth Prospects
- Strategic Acquisition Potential: Abbott’s Interest in Exact Sciences Enhances Investment Appeal
- William Blair says Exact Sciences takeout price likely needs to be over $100
- Abbott weighs takeover of cancer test maker Exact Sciences, Bloomberg says