Stifel Downgrades Vitae Pharmaceuticals (VTAE) to Hold Amid Takeover

September 14, 2016 10:50 AM EDT
Get Alerts VTAE Hot Sheet
Price: $21.00 --0%

Rating Summary:
    1 Buy, 5 Hold, 0 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 35 | Down: 31 | New: 11
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Stifel downgraded Vitae Pharmaceuticals (NASDAQ: VTAE) from Buy to Hold with a price target of $21.00 after the company agreed to be acquired by Allergan for $639 million.

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

Shares of Vitae Pharmaceuticals closed at $8.10 yesterday.

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