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Spero Therapeutics downgraded to Hold from Buy at TD Cowen
The Fly

Spero Therapeutics downgraded to Hold from Buy at TD Cowen

TD Cowen analyst Ritu Baral downgraded Spero Therapeutics (SPRO) to Hold from Buy without a price target The firm cites a lack of clarity on catalyst timing following discontinuation of the SPR720 Phase 2 program for the downgrade. TD now sees a lack of clarity on meaningful catalyst flow for the shares.

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