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Kinnate Biopharma price target raised to $2.59 from $1.50 at Stifel

Stifel analyst Benjamin Burnett raised the firm’s price target on Kinnate Biopharma (KNTE) to $2.59 from $1.50 and keeps a Hold rating on the shares after Xoma (XOMA) announced a deal to acquire Kinnate. The firm thinks the acquisition is a good outcome for Kinnate shareholders and expects the deal to close without issue.

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