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iCAD downgraded to Neutral from Buy at BTIG

BTIG analyst Marie Thibault downgraded iCAD (ICAD) to Neutral from Buy following the announcement that RadNet (RDNT) plans to acquire the company in an all-stock transaction valued at about $3.61 per iCAD share. Given what the firm views as “a reasonable valuation” for the transaction, it does not anticipate other bidders, the analyst tells investors.

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