Morgan Stanley analyst Michael Ulz raised the firm’s price target on Kyverna Therapeutics (KYTX) to $25 from $20 and keeps an Overweight rating on the shares. Topline data from the registrational Phase 2 study of KYV-101 in stiff person syndrome are expected in early 2026, notes the analyst, who cites “increasing conviction in the potential of KYV-101” for the firm’s higher target.
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