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iTeos Therapeutics price target lowered to $13 from $16 at Wells Fargo

Wells Fargo analyst Eva Fortea Verdejo lowered the firm’s price target on iTeos Therapeutics (ITOS) to $13 from $16 and keeps an Overweight rating on the shares. The firm thinks the decision to terminate the TIGIT collaboration is positive for iTeos and waits for further clarity on the company’s strategy moving forward.

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