Guardant Health Announces Debt Exchange Transactions
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Bernstein SocGen Group Reiterates Outperform Rating on Guardant Health (GH)
February 10, 2025 7:37 AM ESTBernstein SocGen Group analyst Eve Burstein reiterated an Outperform rating and $45.00 price target on Guardant Health (NASDAQ: GH)
The analyst comments "Guardant Health reported this morning that it has reached an agreement for a convertible note exchange. As a reminder, Guardant had $1.15B of convertible notes outstanding with maturity in 2027. The transaction is structured as follows: - $659.3M of outstanding convertible notes (at 0% interest rate with... More
