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H.C. Wainwright downgraded Ekso Bionics (EKSO) to Impartial from Purchase with no worth goal after the corporate entered right into a non-binding merger settlement with Utilized Digital Cloud (APLD). The agency finds it “prudent” for Ekso to enter into the transaction given the “robust monetary atmosphere.” It downgrades the shares, saying Ekso Bionics is transferring away from its core enterprise technique of commercializing exoskeleton for well being and industrial functions.
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