Piper Jaffray Downgrades Gen-Probe (GPRO) to Neutral

April 30, 2012 12:21 PM EDT Send to a Friend
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Price: $44.66 -0.87%

Rating Summary:
    6 Buy, 8 Hold, 2 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 12 | Down: 23 | New: 21
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Piper Jaffray's William Quirk downgraded shares of Gen-Probe (NASDAQ: GPRO) from Overweight to Neutral Monday afternoon following news of the company's $3.7 billion deal with Hologic (Nasdaq: HOLX). The analyst boosted his price target on Gen-Probe shares from $80 to $82.75.

Gen-Probe shares last traded at $81.59, up 18.7 percent from Friday's closing price.

For an analyst ratings summary and ratings history on Gen-Probe click here. For more ratings news on Gen-Probe click here.

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