Guggenheim downgraded Cidara Therapeutics (CDTX) to Neutral from Buy without a price target after the company agreed to be acquired by Merck (MRK) in an all-cash transaction for $221.50 per share.
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Read More on CDTX:
- Merck expects over $5B opportunity from Cidara’s flu drug, Reuters reports
- Cidara Therapeutics downgraded to Equal Weight from Overweight at Morgan Stanley
- Morning News Wrap-Up: Friday’s Biggest Stock Market Stories!
- Cidara Therapeutics downgraded to Neutral from Overweight at JPMorgan
- Cidara downgraded to Sector Perform from Outperform at RBC Capital
