Citi analyst Samantha Semenkow raised the firm’s price target on Cabaletta Bio to $30 from $26 and keeps a Buy rating on the shares. The analyst says initial data for CABA-201 in myositis and lupus are expected this quarter. Despite the crowding in autoimmune CAR-T clinic trials, Cabaletta is a first mover in the space, the analyst tells investors in a research note.
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