HeartBeam downgraded to Hold from Buy at D. Boral Capital

D. Boral Capital downgraded HeartBeam (BEAT) to Hold from Buy without a price target following the company’s’ capital raise. The “deal size and terms represent a strategic misstep,” the analyst tells investors in a research note. The firm says the equity raise structure, which was priced at a significant discount and pushed the stock below $1.00, “introduces both technical and psychological overhangs.”