Wedbush Downgrades Relypsa, Inc. (RLYP) to Neutral as Deal Nears Close

September 1, 2016 1:36 PM EDT
Get Alerts RLYP Hot Sheet
Price: $31.99 --0%

Rating Summary:
    3 Buy, 11 Hold, 0 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 0 | Down: 0 | New: 0
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Wedbush downgraded Relypsa, Inc. (NASDAQ: RLYP) from Outperform to Neutral with a price target of $32.00.

Anslyst Liana Moussatos said time has run out for a second bidder. They anticipate completion of Galenica's acquisition of Relypsa shortly.

For an analyst ratings summary and ratings history on Relypsa, Inc. click here. For more ratings news on Relypsa, Inc. click here.

Shares of Relypsa, Inc. closed at $31.99 yesterday.

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