Morgan Stanley raised the firm’s price target on Kymera Therapeutics (KYMR) to $127 from $73 and keeps an Overweight rating on the shares. Phase 1b data for its STAT6 degrader, KT-621, in atopic dermatitis “beat the high bar set by investors and company management,” says the analyst, who is adjusting the firm’s model for Phase 2 development probability of success.
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Read More on KYMR:
- Kymera Therapeutics: Promising Phase 1b Trial Results and Competitive Edge Drive Buy Rating
- Promising Potential of Kymera Therapeutics’ KT-621: A Buy Rating Justified by Strong Clinical Trial Results
- Kymera Therapeutics price target raised to $125 from $98 at Piper Sandler
- Kymera Therapeutics price target raised to $110 from $80 at Citi
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