Jefferies assumed coverage of Liquidia (LQDA) with a Buy rating and a price target of $43, up from $31. The firm expects Yutrepia to beat FY25 estimates and for the company to hit profitability in Q4 of 2025, adding that it views it as “highly unlikely” Yutrepia is pulled off the market due to United Therapeutics’ (UTHR) patent litigation.
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