Wells Fargo raised the firm’s price target on Rapt Therapeutics (RAPT) to $72 from $48 and keeps an Overweight rating on the shares. Following its key opinion leader webinar and channel check on RPT904 CSU data and opportunity in food allergy and chronic spontaneous urticaria, the firm highlights its experts’ positive view on RPT904’s differentiation and future adoption even with the advent of Xolair biosimilars.
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