Oak Street Health downgraded to Neutral from Overweight at Piper Sandler

Piper Sandler analyst Jessica Tassan downgraded Oak Street Health (OSH) to Neutral from Overweight with a price target of $39, down from $47, after CVS Health (CVS) announced the acquisition of Oak Street for $39 per share in cash or $10.6B. The analyst downgrades the shares based on the deal terms.