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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