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Palvella Therapeutics price target raised to $60 from $45 at Stifel

Stifel raised the firm’s price target on Palvella Therapeutics (PVLA) to $60 from $45 and keeps a Buy rating on the shares. The firm, which has “high confidence” in the approaching Phase 3 SELVA readout of QTORIN rapamycin in microcystic lymphatic malformations, sees Palvella with “full capacity” to complete mLM development, advance in cutaneous venous malformations, and announce two new indications from the QTORIN platform

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