H.C. Wainwright Downgrades KalVista to Neutral, Price Target Cut to $27
H.C. Wainwright analyst Andrew Fein downgraded KalVista to Neutral from Buy with a price target of $27, down from $37, after the company entered into a merger agreement to be acquired by Chiesi Group at a price of $27 per share in cash at closing. The firm does not expect an additional bidder to emerge.