H.C. Wainwright downgraded G1 Therapeutics to Neutral from Buy with a price target of $7.15, up from $3, after the company entered into a definitive merger agreement for Pharmacosmos to acquire all outstanding shares of G1 Therapeutics common stock at a price of $7.15 per share. The firm cites the pending takeover for the downgrade.
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Read More on GTHX:
- G1 Therapeutics Acquisition and Executive Compensation Revamp
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- G1 Therapeutics Announces Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)
- G1 Therapeutics to Release Second Quarter 2024 Financial Results and Provide Business Update on August 8, 2024
- G1 Therapeutics added to Russell 2000, 3000 Indexes
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