Olink shares worth $13-$15 if merger blocked, says Canaccord

Canaccord thinks the standalone value for Olink (OLK) is $13-$15 per share if the pending acquisition by Thermo Fisher (TMO) at $26 per share were blocked today. The merger is logical, but there remains regulatory events that create uncertainty, the analyst tells investors in a research note. The firm points out the acquisition is under investigation in the UK with a decision coming on July 8. Canaccord keeps a Hold rating on Olink with a $26 price target following the “relatively mixed” Q1 report.