H.C. Wainwright downgraded SpringWorks Therapeutics (SWTX) to Neutral from Buy with a price target of $47, down from $74, citing the takeover agreement with Merck KGaA (MKGAY). The firm does not expect any rival bidders to emerge.
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Read More on SWTX:
- SpringWorks Therapeutics downgraded to Hold from Buy at TD Cowen
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