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Corvus Pharmaceuticals initiated with a Buy at Goldman Sachs

Goldman Sachs initiated coverage of Corvus Pharmaceuticals (CRVS) with a Buy rating and $40 price target The shares trade at an attractive entry point given the company’s “leading emerging” oral option in the “large” post-Dupixent atopic dermatitis market, the analyst tells investors in a research note. The firm believes Corvus’ valuation does not reflect the potential of its “differentiated, emerging” oral option for atopic dermatitis.

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