Citi analyst Yigal Nochomovitz lowered the firm’s price target on ArriVent Biopharma (AVBP) to $33 from $40 and keeps a Buy rating on the shares following the Q2 report. The firm cites the 18% dilution from July’s public offering for the target cut but continues to see shared upside into ArriVent’s two near-to-medium term data readouts.
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