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Carisma investors should ‘stay the course,’ says D. Boral Capital

D. Boral Capital analyst Jason Kolbert says investors should “stay the course” on Carisma Therapeutics (CARM) amid the rating downgrades following the company’s announcement to discontinue development of CT-0525 for HER2+ cancers. The firm, which has a Buy rating on the name with a $12 price target says it continues to assign “substantial value” to Carisma’s CAR-M platform. The platform’s “transformative potential” supports a Buy rating and Moderna’s (MRNA) confidence in Carisma “further reinforces our conviction,” contends D. Boral.

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