KalVista price target raised to $37 from $22 at BofA

BofA raised the firm’s price target on KalVista (KALV) to $37 from $22 and keeps a Buy rating on the shares after the company announced the approval of Ekterly for on-demand treatment of hereditary angioedema attacks with a broad label and no restrictions on type of HAE attack or background LTP usage for patients 12 and older. The firm, which says the approval was in-line with its expectations and it is “encouraged by the broad label,” remains “bullish” on Ekterly’s differentiation as the only oral on-demand treatment on the market, the analyst tells investors.