Mizuho lowered the firm’s price target on Apellis (APLS) to $19 from $24 and keeps a Neutral rating on the shares following Q3 results. While Empaveli’s launch in C3G/IC-MPGN has gotten off to a “promising start,” Syfovre’s growth remains challenged, which is “more core to our thesis,” the analyst tells investors in a post-earnings note.
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