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Rapt Therapeutics downgraded to Neutral from Buy at H.C. Wainwright

H.C. Wainwright analyst Emily Bodnar downgraded Rapt Therapeutics (RAPT) to Neutral from Buy with a price target of $58, down from $72, after GSK entered into an agreement to acquire all outstanding shares of Rapt for $58 per share in cash. The firm views the acquisition as “logical.”

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