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TD Cowen Downgrades Exscientia PLC (EXAI) to Hold

August 8, 2024 4:07 PM EDT

TD Cowen analyst Brendan Smith downgraded Exscientia PLC (NASDAQ: EXAI) from Buy to Hold.

The analyst comments "We are downgrading EXAI shares to Hold following the proposed merger with Recursion. EXAI shareholders will receive 0.7729 shares of RXRX per EXAI share & own ~26% of the combined... More