H.C. Wainwright analyst Arthur He downgraded Poseida Therapeutics (PSTX) to Neutral from Buy with a price target of $9, down from $20, after Roche (RHHBY) agreed to acquire the company for $1.5B, including $9 per share in cash and a non-tradable contingent value right to receive up to an aggregate of $4 per share in cash upon achievement of specific milestones.
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