Guggenheim analyst Michael Schmidt downgraded ImmunoGen (IMGN) to Neutral from Buy with a price target of $31, up from $25, after the company agreed to be acquired by AbbVie (ABBV) for $31.26 per share in cash.
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Read More on IMGN:
- AbbVie Stock (NYSE:ABBV): Bet on a Smart Drugmaker and Dealmaker
- ImmunoGen downgraded to Market Perform from Outperform at BMO Capital
- ImmunoGen downgraded to Hold from Buy at Deutsche Bank
- ImmunoGen downgraded to Hold from Buy at Jefferies
- ImmunoGen downgraded to Hold from Buy at Canaccord
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