Will This Analyst Downgrade Hurt Theravance (THRX) Stock Today?

NEW YORK (TheStreet) -- Robert W. Baird downgraded Theravance  (THRX) to "hold" from "buy" and cited valuation after the recent split.

The stock was down 1.52% to $26 in pre-market trading on Thursday.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

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STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

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