Leerink downgraded Merus (MRUS) to Market Perform from Outperform with a $97 price target after the company agreed to be acquired by Genmab (GMAB) is an all-cash transaction valued at $8.0B, or $97 per share.
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Read More on MRUS:
- Unusually active option classes on open October 2nd
- Balanced Hold Rating Amid Genmab’s Acquisition of Merus and Anticipated CRC Data
- Hold Rating on Genmab’s Acquisition of Merus Reflects Fair Valuation and Limited Upside Potential
- Merus downgraded to Neutral from Buy at UBS
- Merus downgraded to Market Perform from Outperform at BMO Capital