Leerink analyst Jonathan Chang downgraded Mersana Therapeutics (MRSN) to Market Perform from Outperform with a $29 price target after Day One Biopharmaceuticals (DAWN) agreed to buy the company for $25 per share in cash at closing plus one CVR worth up to an aggregate of $30.25 in cash.
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Read More on MRSN:
- Mersana Therapeutics downgraded to Hold from Buy at Truist
- Oppenheimer says Day One paying up to $285M for Mersana ‘is interesting’
- Mersana Therapeutics downgraded to Neutral from Buy at BTIG
- Mersana Therapeutics up 201% at $26.70 after being acquired by Day One Biopharma
- Mersana Therapeutics downgraded to Neutral from Outperform at Wedbush