Canaccord downgraded Olink (OLK) to Hold from Buy with a price target of $26, down from $28, after the company and Thermo Fisher (TMO) announced that their respective boards of directors have approved Thermo’s proposal to acquire Olink in an all-cash transaction. Given the deal price and probability of completion, the firm views it as appropriate to decrease its price target and rating, the analyst tells investors.
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