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Fly News Breaks for March 4, 2020
FTSV, GILD
Mar 4, 2020 | 05:09 EDT
Mizuho analyst Mara Goldstein downgraded Forty Seven (FTSV) to Neutral from Buy with a price target of $95.50, up from $53. As the company's bidding process was said to be competitive, a competing takeover to challenge the one from Gilead Sciences (GILD) is unlikely, Goldstein tells investors in a research note. The analyst downgraded Forty Seven to reflect the proposed takeout price.