- DA Davidson analyst Brent Thielman downgraded Infrastructure & Energy Alternatives Inc (NYSE:IEA) to Neutral from Buy and reduced the price target to $14 (an upside of 1.8%) from $15.
- MasTec, Inc. (NYSE:MTZ) recently agreed to acquire IEA in a cash-and-stock transaction at $14.00 per share. The analyst stated that the implied takeout value is fair, and the likelihood of another bid is low.
- Related: MasTec Acquires Infrastructure And Energy Alternatives For $1.1B
- Stifel analyst Noelle Dilts downgraded IEA to Hold from Buy and lowered the price target to $14 (an upside of 1.8%) from $17.
- The analyst had previously discussed that MasTec and IEA could be “an interesting fit from a strategic standpoint,” and predicts a low likelihood of a competing bid.
- Price Action: IEA shares are trading higher by 0.15% at $13.77 on the last check Tuesday.
Iovance Biotherapeutics to Host Conference Call And Webcast On Friday, February 16, 2024 At 4:15 p.m. ET, To Discuss The FDA Approval
Iovance Biotherapeutics, Inc. (NASDAQ:IOVA), a biotechnology company focused on innovating, developing, and delivering novel polyclonal tumor infiltrating lymphocyte (TIL) therapies for patients with cancer, will host a
