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Immunome price target raised to $35 from $25 at Guggenheim

Guggenheim raised the firm’s price target on Immunome (IMNM) to $35 from $25 and keeps a Buy rating on the shares after the company reported positive top-line Phase 3 trial results for varegacestat. The firm believes approval likelihood is high and that varegacestat is well-positioned to capture the majority share in the a potential $1B-$2B DT market in the U.S.

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