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.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
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
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue