Jefferies analyst Maury Raycroft downgraded Reata Pharmaceuticals (RETA) to Hold from Buy with a price target of $172.50, up from $104, 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 Neutral from Buy at Guggenheim
- Reata Pharmaceuticals downgraded to Neutral from Overweight at Cantor Fitzgerald
- Reata Pharmaceuticals downgraded to Hold from Buy at Stifel
- Biogen Snaps Up Reata Pharma In $7.3B Deal
- Biogen to acquire Reata Pharmaceuticals for $172.50 per share in cash