Berenberg analyst Gaurav Goparaju downgraded PhenomeX (CELL) to Hold from Buy with a price target of $1, down from $8, citing Bruker’s (BRKR) plans to acquire the company. The firm cites the pending deal for the downgrade.
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Read More on CELL:
- PhenomeX upgraded to Equal Weight from Underweight at Morgan Stanley
- Berkeley Lights trading resumes
- Bruker to acquire PhenomeX for $1.00 per share
- Berkeley Lights trading halted, news pending
- PhenomeX Reports Second Quarter 2023 Financial Results and Provides Business Update
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