Stifel downgraded Vigil Neuroscience (VIGL) to Hold from Buy with a price target of $8, down from $11, following the proposed all-cash transaction by Sanofi (SNY) for $8 per share. Individuals representing 16.2% of Vigil’s total common shares outstanding have already signed voting and support agreements in favor of the deal, the analyst tells investors in a research note.
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Read More on VIGL:
- Hold Rating on Vigil Neuroscience Amid Sanofi Acquisition and VG-3927 Developments
- Vigil Neuroscience downgraded to Neutral from Buy at H.C. Wainwright
- Vigil Neuroscience Elects Directors at Annual Meeting
- Vigil Neuroscience downgraded to Neutral from Outperform at Mizuho
- Vigil Neuroscience downgraded to Hold from Buy at Jefferies
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