Morgan Stanley analyst Kallum Titchmarsh downgraded Axonics (AXNX) to Equal Weight from Overweight with a price target of $71, up from $69, following the recent announcement of its agreement to be acquired by Boston Scientific (BSX). The firm believes the deal will close as planned with a low risk of FTC pushback, as it sees no clear competitive crossover and does not expect higher bidders.
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Read More on AXNX:
- Axonics downgraded to Hold from Buy at Truist
- Axonics downgraded to Neutral from Buy at CL King
- Axonics downgraded to Neutral from Overweight at Piper Sandler
- Axonics downgraded to Market Perform from Outperform at Leerink
- Axonics downgraded to Equal Weight from Overweight at Wells Fargo
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