H.C. Wainwright lowered the firm’s price target on Aligos Therapeutics (ALGS) to $70 from $75 and keeps a Buy rating on the shares. The firm is adding the Chinese HBV market into its ALG-000184 revenue projection model, in addition to the U.S. and the EU5 markets that are currently in the model, and now projects ALG-000184 to reach peak total revenues of close to $2B in 2040, the analyst tells investors in a post-Q4 note.
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Read More on ALGS:
- Aligos Therapeutics Advances Pipeline Amid Financial Challenges
- Aligos Therapeutics reports Q4 EPS ($13.08) vs ($5.50) last year
- ALGS Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- Aligos Therapeutics Secures $105M in Private Placement
- Aligos Therapeutics announces $105M private placement financing
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