RBC Capital analyst Sean Dodge downgraded Societal CDMO to Sector Perform from Outperform with a price target of $1.10, down from $1.25, after the company announced an agreement to be acquired by CoreRx for $1.10 per share. The firm expects the transaction to close at this price, saying this is the result of a strategic review process by Societal’s board, which has unanimously approved the deal.
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