Morgan Stanley analyst Judah Frommer assumed coverage of Kymera Therapeutics (KYMR) with an Overweight rating and a price target of $70, down from $79. Healthy volunteer data with KT-621 “suggests a potential multi-blockbuster opportunity,” the analyst tells investors. Partnerships with Sanofi (SNY) and Gilead (GILD) further validate Kymera’s drug discovery and protein degradation capabilities, the analyst added.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on KYMR:
- Kymera Therapeutics management to meet with B. Riley
- Kymera Therapeutics price target raised to $54 from $51 at BofA
- Kymera Therapeutics Announces Public Offering to Raise Funds
- Kymera Therapeutics Holds Annual Shareholder Meeting
- Kymera Therapeutics price target lowered to $53 from $56 at Oppenheimer