TD Cowen analyst Ken Cacciatore raised the firm’s price target on Biohaven (BHVN) to $75 from $55 and keeps a Buy rating on the shares. The firm said they expect Phase III data for T-alfa in SMA where the risk/reward is favorable. And by year end they expect the SAD/MAD/subQ IgG degrader data update for BHV-1300 and IND submissions for 3 additional MoDE degrader platform candidates.
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Read More on BHVN:
- Biohaven reports Q3 adjusted EPS ($1.74), consensus ($1.70)
- Biohaven options imply 19.6% move in share price post-earnings
- Biohaven price target raised to $65 from $63 at BofA
- RBC says Scholar Rock ‘win’ in SMA has favorable Biohaven implications
- Biohaven price target raised to $68 from $55 at JPMorgan