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Alumis price target lowered to $19 from $26 at H.C. Wainwright

Alumis price target lowered to $19 from $26 at H.C. Wainwright

H.C. Wainwright analyst Mitchell Kapoor lowered the firm’s price target on Alumis (ALMS) to $19 from $26 and keeps a Buy rating on the shares after the company announced a merger with Acelyrin via an all-stock transaction. The firm updated the company’s model to account for the dilution.

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