Wells Fargo analyst Mohit Bansal downgraded Chinook Therapeutics (KDNY) to Equal Weight from Overweight with a price target of $40, up from $30. The analyst cites the company’s agreement to be acquired by Novartis (NVS) for $40 per share for the downgrade.
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- Chinook Therapeutics downgraded to In Line from Outperform at Evercore ISI