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Coherus Oncology initiated with an Outperform at Oppenheimer ahead of readouts

As previously reported, Oppenheimer analyst Jay Olson initiated coverage of Coherus Oncology (CHRS) with an Outperform rating and $10 price target citing upcoming clinical readouts in 2026 across multiple cancers for lead anti-CCR8 antibody tagmokitug combined with in-licensed, commercial PD-1 backbone Loqtorzi. Additionally, the firm thinks casdozokitug, Coherus’ “only-in-class” anti-IL-27 antibody, represents “a high-potential early-stage opportunity,” the analyst tells investors.

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