Guggenheim downgraded SpringWorks Therapeutics (SWTX) to Neutral from Buy after the company and Merck KGaA (MKKGY) announced a definitive agreement for Merck KGaA to acquire SpringWorks for $47 per share in cash.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SWTX:
- Amazon sellers pull away from Prime Day, IBM to invest in U.S.: Morning Buzz
- Piper says SpringWorks deal suggests Immunome’s varegacestat ‘undervalued’
- SpringWorks Therapeutics downgraded to In Line from Outperform at Evercore ISI
- SpringWorks Therapeutics downgraded to Equal Weight from Overweight at Barclays
- SpringWorks Therapeutics downgraded to Neutral from Outperform at Wedbush
