Baird analyst Brian Skorney downgraded Soleno Therapeutics (SLNO) to Neutral from Outperform with a price target of $53, down from $107, after Neurocrine (NBIX) announced a deal to acquire the company for $2.9B or $53 per share in cash.
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Read More on SLNO:
- Soleno Therapeutics downgraded to Hold from Buy at Laidlaw
- Soleno Therapeutics rises 32.2%
- Midday Fly By: Neurocrine to acquire Soleno, Oracle hires new CFO
- Morning Movers: Soleno pops, Neurocrine dips after acquisition agreement
- Soleno Therapeutics downgraded to Neutral from Overweight at Cantor Fitzgerald
