Bernstein downgraded Avidity Biosciences (RNA) to Market Perform from Outperform with a $72 price target after the company entered into a definitive merger agreement to be acquired by Novartis (NVS) for $72 per share in cash.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RNA:
- Avidity Biosciences downgraded to Neutral from Buy at H.C. Wainwright
- M&A News: Novartis to Acquire Avidity Biosciences in $12B Deal
- Novartis agrees to acquire Avidity for $72 per share in cash
- Novartis close to deal to buy Avidity for over $70 per share, Bloomberg says
- Avidity Biosciences Delays Biologics License Application