Information Provided By:
Fly News Breaks for May 16, 2017
TMO, PTHN
May 16, 2017 | 05:41 EDT
Jefferies analyst David Windley downgraded Patheon (PTHN) to Hold saying he sees little risk to the Thermo Fisher (TMO) takeover deal ultimately closing by year-end 2017. The believes the offer fairly values Patheon. The analyst raised his price target for the shares to $35 from $32.