Barclays analyst Peter Lawson downgraded ImmunoGen to Equal Weight from Overweight with a price target of $31, up from $27. The analyst cites the announced acquisition of ImmunoGen by AbbVie for the downgrade. The firm sees a high likelihood of deal closure on time.
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Read More on IMGN:
- ImmunoGen downgraded to Equal Weight from Overweight at Barclays
- ImmunoGen downgraded to Hold from Buy at Jefferies
- AbbVie Stock (NYSE:ABBV): Bet on a Smart Drugmaker and Dealmaker
- ImmunoGen downgraded to Neutral from Buy at Guggenheim
- ImmunoGen downgraded to Market Perform from Outperform at BMO Capital
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