Goldman Sachs Downgrades ImClone (IMCL) to Neutral
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Goldman Sachs downgrades ImClone (Nasdaq: IMCL) from Buy to Neutral with a $64 price target, citing valuation.
NOTE: There is currently at $60/share bid for ImClone on the table from partner Bristol-Myers (NYSE: BMY).
ImClone Systems Incorporated, a biopharmaceutical company, engages in the development and commercialization of a portfolio of targeted treatments for the medical needs of patients with cancer in the United States and Canada.
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