TD Cowen downgraded Harpoon Therapeutics (HARP) to Market Perform from Outperform without a price target following the proposed acquisition by Merck (MRK) for $23 per share in cash. The analyst believes another party is unlikely to offer a higher price, and that the transaction should close in the first half of 2024.
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Read More on HARP:
- Biotech Alert: Searches spiking for these stocks today
- Oppenheimer raises Harpoon target, wonders if Merck deal could be starting point
- Harpoon Therapeutics downgraded to Hold from Buy at Canaccord
- Harpoon Therapeutics downgraded to Neutral from Buy at H.C. Wainwright
- M & A News: Merck (NYSE:MRK) to Acquire Harpoon for $680 Million
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