Analysts Downgrade Tourmaline Bio Stock After Novartis Acquisition
Both Jefferies and Wedbush have downgraded Tourmaline Bio's stock rating to Hold following its acquisition by Novartis. The analysts express concerns regarding the future performance of Tourmaline Bio under the new ownership, indicating a cautious outlook for the company.
Analysts Downgrade Tourmaline Bio Stock After Novartis Acquisition
Both Jefferies and Wedbush have downgraded Tourmaline Bio's stock rating to Hold following its acquisition by Novartis. The analysts express concerns regarding the future performance of Tourmaline Bio under the new ownership, indicating a cautious outlook for the company.
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