Deutsche Bank downgraded Galapagos (GLPG) to Sell from Hold with a price target of EUR 19, down from EUR 22, after the company decided to drop their cash guidance for FY25 along with the company’s Q2 earnings report, stating that a strategy review is required to develop a better understanding of the cash runway going forward. The firm cites the removal of the cash guidance, uncertainty around the company’s structure and risks around future business development and current cell therapy programs for its downgrade.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GLPG:
- Galapagos downgraded to Sell from Hold at Deutsche Bank
- Galapagos Hold Rating: Navigating Management Changes and Strategic Uncertainties
- Galapagos NV Reports 2025 Half-Year Results and Strategic Updates
- Galapagos NV Reports Strong H1 2025 Results Amid Strategic Transformation
- Galapagos Strengthens Leadership with New Executive Appointments