Leerink analyst Marc Goodman downgraded Intra-Cellular (ITCI) to Market Perform from Outperform with a price target of $132, up from $100, after Johnson & Johnson (JNJ) agreed to acquire all of the company’s outstanding shares for $132 per share in cash. The firm doesn’t believe it’s likely that another player will come in at a higher price and doesn’t expect FTC pushback on the deal, the analyst tells investors.
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