Argus downgraded Silk Road Medical (SILK) to Sell from Buy, reflecting the company’s planned acquisition by Boston Scientific (BSX). Under the terms of the deal announced on June 18, Boston will pay $27.50 per Silk share and the firm recommends selling the shares, the analyst tells investors.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SILK:
- M&A News: Boston Scientific (NYSE:BSX) Will Acquire SILK For $1.2B
- Silk Road Medical downgraded to Hold from Buy at Lake Street
- Silk Road Medical to be acquired by Boston Scientific for $27.50 per share
- Silk Road Medical Announces Definitive Agreement to be Acquired by Boston Scientific
- Boston Scientific Announces Agreement to Acquire Silk Road Medical, Inc.