JPMorgan upgraded Kodiak Sciences (KOD) to Overweight from Neutral with a price target of $24, up from $15. The firm believes the company’s KSI-101 in macular edema secondary to inflammation is “de-risked” and could drive upside in the shares as the opportunity is better appreciated by the market. Data from the Phase 3 PEAK and PINNACLE studies of KSI-101 are anticipated in Q4 of 2026 and Q1 of 2027, respectively, the analyst tells investors in a research note.
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