Piper Sandler analyst Kelsey Goodwin initiated coverage of CG Oncology (CGON) with an Overweight rating and $55 price target The stock currently reflects low uptake in the initial high-risk Bacillus Calmette-Guerin nonmuscle invasive bladder cancer setting, and no value for label extensions, despite multiple shots on goal in additional NMIBC settings coming later this year, the analyst tells investors in a research note.
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