Wedbush analyst Robert Driscoll downgraded Alpine Immune Sciences (ALPN) to Neutral from Outperform with a price target of $65, up from $47, after the company agreed to an acquisition by Vertex Pharmaceuticals (VRTX) for $65 per share, or $4.9B in cash. The firm expects the acquisition to close.
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 ALPN: