Jefferies downgraded Mirati Therapeutics (MRTX) to Hold from Buy with a price target of $58, up from $55, after Bristol Myers Squibb (BMY) said it will acquire Mirati for $58 per share plus a contingent value right of $12 per share. While it is possible other buyers could emerge, the current $58 per share price represents fair value, the analyst tells investors in a research note.
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