Jefferies downgraded Inozyme (INZY) to Hold from Buy with a price target of $4, down from $15, after BioMarin Pharmaceutical (BMRN) agreed to acquire the company for $4.00 per share in cash. The firm believes INZ-701 fits into BioMarin’s enzyme treatment portfolio as a bolt-on, the analyst tells investors.
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Read More on INZY:
- Leerink bullish on BioMarin following Inozyme deal, expects additional BD
- Inozyme downgraded to Market Perform from Outperform at Raymond James
- Inozyme downgraded to Hold from Buy at Needham
- Inozyme downgraded to Equal Weight from Overweight at Wells Fargo
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