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Janux Therapeutics initiated with an Outperform at Raymond James

Raymond James analyst Sean McCutcheon initiated coverage of Janux Therapeutics (JANX) with an Outperform rating and $65 price target Janux is clinical-stage company focused on developing masked T-cell engagers for several cancer types, the analyst tells investors in a research note. The firm sees good results to date for JANX007, saying the data offer “strong proof-of-concept” for the masking technology employed by Janux.

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