Citizens JMP lowered the firm’s price target on Bicycle Therapeutics (BCYC) to $10 from $22 and keeps an Outperform rating on the shares. Bicycle recently reported Q2 financial results and updated corporate milestones, and Citizens believes that the main value-driving event for this year is the selection of the optimal go-forward dose of zelenectide pevedotin in the pivotal Duravelo-2 trial. Bicycle shares may still provide upside from current levels, the analyst tells investors in a research note.
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