TD Cowen downgraded Soleno Therapeutics (SLNO) to Hold from Buy with a price target of $53, down from $85, after Neurocrine (NBIX) announced a deal to acquire the company for $2.9B or $53 per share in cash. The firm believes a superior bid is unlikely.
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Read More on SLNO:
- Hold Rating on Soleno Reflects Capped Upside Under Neurocrine Takeover Agreement
- Soleno downgraded to Perform from Outperform at Oppenheimer
- Soleno Therapeutics downgraded to Peer Perform from Outperform at Wolfe Research
- Neurocrine price target raised to $220 from $192 at Oppenheimer
- Soleno Therapeutics downgraded to Neutral from Outperform at Baird