Stephens downgraded Hologic (HOLX) to Equal Weight from Overweight with a price target of $76, down from $78, after the company agreed to be acquired by funds managed by Blackstone (BX) and TPG (TPG) in a transaction valued at up to $79 per share. The deal is in line with the firm’s expectations and “seems fair based on our outlook,” the analyst tells investors.
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Read More on HOLX:
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