SVB Securities downgraded Reata Pharmaceuticals (RETA) to Market Perform from Outperform with a price target of $172.50, up from $115, after Biogen (BIIB) agreed to acquire Reata for $172.50 per share in cash.
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Read More on RETA:
- Reata Pharmaceuticals downgraded to Hold from Buy at Jefferies
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- Reata Pharmaceuticals downgraded to Hold from Buy at Stifel
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