UPDATE: Piper Jaffray Downgrades Santarus Following Salix Acquisition Announcement

In a report published Friday, Piper Jaffray analyst David Amsellem downgraded the rating on Santarus (NASDAQ: SNTS ) from Overweight to Neutral, but raised the price target from $31.00 to $32.00. In the report, Piper Jaffray noted, “This afternoon, Santarus announced it has entered into a definitive agreement to be