CG Oncology initiated with a Buy at UBS

UBS initiated coverage of CG Oncology (CGON) with a Buy rating and $60 price target The firm launched coverage of SMID cap biotech sector with a focus in oncology and autoimmune diseases. Its top pick is Syndax. CG Oncology has a highly differentiated bladder cancer therapy and UBS expects significant market adoption upon approval, the analyst tells investors in a research note.