Citi lowered the firm’s price target on Krystal Biotech (KRYS) to $155 from $215 and keeps a Neutral rating on the shares. The company’s Q1 report reinforced moderating U.S. Vyjuvek dynamics, the analyst tells investors in a research note. Citi lowered its peak U.S. Vyjuvek to $500M from $700M and peak global Vyjuvek sales estimate to $700M from $1B. The firm says that despite the share pullback, a Neutral rating remains appropriate on Krystal Biotech.
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