Beyond Air initiated with a Buy at D. Boral Capital

D. Boral Capital analyst Jason Kolbert initiated coverage of Beyond Air (XAIR) with a Buy rating and $11 price target The firm says the company’s LungFit platform represents a “disruptive leap” in nitric oxide delivery. It enables on-demand generation from ambient air without the need for high-pressure gas cylinders or chemical cassettes, the analyst tells investors in a research note. Boral believes new indications represent out-year revenue drivers for Beyond Air.