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KalVista price target lowered to $28 from $29 at Citizens JMP

Citizens JMP lowered the firm’s price target on KalVista (KALV) to $28 from $29 and keeps an Outperform rating on the shares. Early demand for Ekterly looks strong, with 937 start forms as of the end of October, covering roughly 8% of the diagnosed U.S. hereditary angioedema population, the analyst tells investors in a research note. The 937 start forms represent about $31M in potential revenue, the firm notes, adding that the early demand is “promising.”

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