B. Riley analyst Anderson Schock initiated coverage of Exagen (XGN) with a Buy rating and $15 price target reflecting 50% potential upside. Exagen is a diagnostics company that develops blood tests to help rheumatologists diagnose autoimmune diseases, the analyst tells investors in a research note. The firm believes the company’s AVISE CTD is well positioned to become the “gold standard” for both lupus and rheumatoid arthritis diagnosis.
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