TD Securities downgraded MAG Silver (MAG) to Sell from Buy with a price target of C$28.57, up from C$28, after the company agreed to be acquired by Pan American Silver (PAAS) for a combination of cash and stock.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MAG:
- M&A News: Pan American Silver (PAAS) Buys Rival MAG for $2.1 Billion
- Pan American Silver price target lowered to $39 from $42 at CIBC
- MAG Silver downgraded to Hold from Buy at Canaccord
- MAG Silver price target raised to $18 from $16 at Roth Capital
- Pan American Silver to acquire MAG Silver for $20.54 per share, or $2.1B