H.C. Wainwright analyst Andrew Fein downgraded KalVista (KALV) to Neutral from Buy with a price target of $27, down from $37, after the company entered into a merger agreement to be acquired by Chiesi Group at a price of $27 per share in cash at closing. The firm does not expect an additional bidder to emerge.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on KALV:
- KalVista downgraded to Hold from Buy at Needham
- KalVista downgraded to Hold from Buy at JonesResearch
- 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