B. Riley analyst Mayank Mamtani downgraded CymaBay Therapeutics (CBAY) to Neutral from Buy with a price target of $32.50, up from $29, following the announcement of its proposed acquisition by Gilead (GILD) for $32.50 per share.
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Read More on CBAY:
- M & A News: Gilead (NASDAQ:GILD) to Acquire CymaBay
- CymaBay Therapeutics’ Strategic Merger with Gilead Sciences
- CymaBay Therapeutics to Participate in Upcoming Investment Conferences
- CymaBay price target raised to $26 from $22 at Oppenheimer
- CymaBay Therapeutics Boosts Director Equity, Announces Officer Changes