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Vaxcyte initiated with an Overweight at Cantor Fitzgerald

As previously reported, Cantor Fitzgerald initiated coverage of Vaxcyte (PCVX) with an Overweight rating and no price target Vaxcyte was hit with the combination of mixed VAX-24 pediatric data and an increasingly clear shift in U.S. vaccine policy emerging from new government leadership, says the analyst, who says “leadership, administrations, and priorities will ultimately change,” but the $8B-plus PCV market opportunity remains attractive.

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