Analysts' Opinions Are Mixed on These Healthcare Stocks: 89bio (NASDAQ: ETNB), Relay Therapeutics (NASDAQ: RLAY) and Ironwood Pharma (NASDAQ: IRWD)We continue to await clarity on what the path forward will look like (including handling of the 2026 convert) following disclosure earlier this year that the company would evaluate strategic alternatives. Notably, mgmt. told us they are hoping to share an update within 3Q. Recall, the choice to explore strategic alternatives was driven by eroding commercial fundamentals for leading constipation drug Linzess (collab. w/ a regulatory setback for key pipeline drug apraglutide in short bowel syndrome (SBS) amidst the company’s high debt load. More detail below, including from our mgmt. catch-up. Reiterate MP.