Needham & Company Downgrades Cepheid (CPHD) to Hold Following Takeover

September 6, 2016 9:32 AM EDT
Get Alerts CPHD Hot Sheet
Price: $52.95 --0%

Rating Summary:
    13 Buy, 16 Hold, 1 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 30 | Down: 30 | New: 23
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Needham & Company downgraded Cepheid (NASDAQ: CPHD) from Buy to Hold after the company announced that it is being acquired by Danaher (DHR) for $53 per share or ~$4B of cash

For an analyst ratings summary and ratings history on Cepheid click here. For more ratings news on Cepheid click here.

Shares of Cepheid closed at $34.42 yesterday.

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