Galena Biopharma Inc. (GALE) Downgraded by Zacks to NEUTRAL

Zacks Zacks Investment Research downgraded shares of Galena Biopharma Inc. (GALE) from OUTPERFORM to NEUTRAL on March 18, 2014, with a target price of $3.25.

We are dropping coverage of Galena Biopharma to focus our resource elsewhere in the biotech sector. Our last rating is Neutral, with a $3.25 price target. Investors should no longer count on the accuracy of our estimates or financial projections.

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