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Ladenburg Thalmann Downgraded Micromet (MITI) Following Amgen Bid

January 26, 2012 2:38 PM EST
Get Alerts MITI Hot Sheet
Price: $0.45 --0%

Rating Summary:
    1 Buy, 8 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 4 | Down: 8 | New: 1
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Ladenburg Thalmann's Juan Sachez downgraded shares of Micromet (NASDAQ: MITI) Thursday following news Amgen has offered to acquire the company in a $1.16 billion deal. Micromet shares are up nearly 32 percent this afternoon.

Sanchez now rates Micromet shares a Neutral, down from Buy previously. The analyst's price target was raised from $8 to $11.

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


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Ladenburg Thalmann Financial Services, Amgen/Micromet