Galapagos Receives Rating Downgrade, Stock Skids
Galapagos NV (GLPG) stock was hit hard as Bank of America downgraded its rating to Sell. The latest downgrade comes after a couple of other such negative recommendations made by other stock research firms. The pharma company stock was recently downgraded by JPMorgan Chase & Co. which pulled its rating from Overweight to Neutral. Similarly, Credit Suisse Group lowered the rating from Outperform to Neutral and slashed the price target from $174 to $169. However, there was a silver lining as well as Stifel increased the price