Cantor Fitzgerald analyst Prakhar Agrawal downgraded Dice Therapeutics (DICE) to Neutral from Overweight with a price target of $48, down from $58, after Eli Lilly (LLY) agreed to acquire the company for $48 per share.
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Published first on TheFly
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Read More on DICE:
- Dice Therapeutics downgraded to Hold from Buy at Canaccord
- Dice Therapeutics price target raised to $48 from $38 at Wells Fargo
- DICE Surges after $2.4 Billion Acquisition by LLY
- Eli Lilly to acquire Dice Therapeutics for $48 per share in cash
- Lilly to Acquire DICE Therapeutics to Advance Innovation in Immunology