Deutsche Bank Downgrades Third Wave Technologies (TWTI) to Hold; Another Buyer Unlikely
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Deutsche Bank downgrades Third Wave Technologies (NASDAQ: TWTI) from Buy to Hold due to the pending acquisition by Hologic (NASDAQ: HOLX). The firmʼs new price target is $11.25, which is equal to the takeout price.
Deutsche Bank expects the acquisition to be completed imminently and believes that other bids are unlikely.
Third Wave Technologies, Inc. is a developer and manufacturer of molecularprobes and assays for research and clinical diagnostics.
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