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AnaptysBio price target raised to $90 from $54 at Guggenheim

Guggenheim raised the firm’s price target on AnaptysBio (ANAB) to $90 from $54 and keeps a Buy rating on the shares. The firm is “encouraged” by the company’s ongoing clinical developments and strong financial position and believes the stock is trading at a significant discount, says the analyst, who updated the firm’s model to reflect GSK‘s (GSK) Jemperli royalties.

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