Wells Fargo analyst Cerena Chen initiated coverage of Zealand Pharma (ZLDPF) with an Overweight rating and DKK 650 price target The firm says Zealand is poised to become a key obesity player with petrelintide and survodutide, differentiated assets in emerging amylin and GLP-1/glucagon drug classes. The first half of 2026 readouts for both in obesity should unlock potential for greater than $4B combined peak revenue opportunity, Wells adds.
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