Jefferies downgraded Icosavax (ICVX) to Hold from Buy with a price target of $15.50, down from $30, after the company agreed to be acquired by AstraZeneca (AZN) for $15.00 per share in cash at closing plus a non-tradable contingent value right to receive up to $5.00 in cash.
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Read More on ICVX:
- M & A News: AstraZeneca’s (NASDAQ:AZN) $1.1B Bet on ICVX Sends Shares Soaring
- Icosavax, Inc. Announces Agreement to be Acquired by AstraZeneca
- Icosavax initiated with a Buy at Guggenheim
- Icosavax reports Q3 EPS (44c), consensus (57c)
- Icosavax, Inc. (ICVX) Q3 Earnings Cheat Sheet
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