Apellis price target raised to $52 from $46 at Citi

Citi analyst Yigal Nochomovitz raised the firm’s price target on Apellis (APLS) to $52 from $46 and keeps a Buy rating on the shares. The company reported a Q2 sales beat, showing that Syfovre can still grow, the analyst tells investors in a research note. The firm sees a good risk/reward at current share levels.