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Atai Life Sciences initiated with a Buy at Lucid Capital

Lucid Capital initiated coverage of Atai Life Sciences (ATAI) with a Buy rating and $12 price target Atai has assembled one of the largest drug portfolios in “seven short years,” including four psychedelic programs, to revolutionize the treatment of mental health, the analyst tells investors in a research note. The firm views the company as an “aspiring leader” in mental health.

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