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Canaccord starts Tango Therapeutics with Buy on PRMT5 inhibitor

Canaccord initiated coverage of Tango Therapeutics (TNGX) with a Buy rating and $30 price target Tango is a precision oncology company with a “best-in-class” PRMT5 inhibitor for MTAP-deleted cancer, the analyst tells investors in a research note. The firm says combination studies with Revolution Medicines’ KRAS agents in pancreatic cancer put Tango “ahead of its competitors.” It expects positive data readouts in 2026.

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