Stifel raised the firm’s price target on Apogee Therapeutics (APGE) to $133 from $95 and keeps a Buy rating on the shares following positive Phase 1b asthma data for zumilokibart. Apogee’s Phase 1b data “represents clear evidence of activity” that should support accrual of meaningful credit in the stock and further support for the pipeline-in-a product thesis, the analyst tells investors.
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