JonesResearch downgraded KalVista (KALV) to Hold from Buy with a $27 price target after Chiesi announced an agreement to acquire KalVista for $27 per share in cash, implying an equity valuation of $1.9B. The firm does not anticipate meaningful antitrust risk.
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Read More on KALV:
- KalVista Downgraded to $27 Target as Chiesi’s All-Cash Takeout Caps Near-Term Upside, Supporting Hold Rating
- KalVista downgraded to Market Perform from Outperform at Leerink
- KalVista downgraded to Market Perform from Outperform at Citizens
- KalVista moved to No Rating at BofA
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