RBC Capital downgraded Bellus Health (BLU) to Sector Perform from Outperform with a price target of $14.75, down from $21 after the company reached an agreement to be acquired by GSK plc (GSK). The deal is demonstrating validation for Bellus’s lead asset camlipixant as a best-in-class P2X3 antagonist and the market opportunity of refractory chronic cough, the analyst tells investors in a research note.
Published first on TheFly
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Read More on BLU:
- Bellus Health downgraded to Sector Perform from Outperform at RBC Capital
- Bellus Health downgraded to In Line from Outperform at Evercore ISI
- GSK to acquire Bellus Health for $14.75 per share
- Bellus Health Surges after Acquisition by GSK for $2 Billion
- Bellus Health management to meet with Piper Sandler
