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Cabaletta Bio price target lowered to $7 from $10 at UBS

UBS analyst Trung Huynh lowered the firm’s price target on Cabaletta Bio (CABA) to $7 from $10 and keeps a Buy rating on the shares. A new Gr3 ICANS case has been flagged, but appears to be related to protocol deviation, the analyst tells investors in a research note.

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