Wells Fargo analyst Tiago Fauth raised the firm’s price target on Tectonic Therapeutic (TECX) to $79 from $55 and keeps an Overweight rating on the shares. No SAEs/discontinuations/ISRs/ADAs materially mitigate safety risk, while the exposure-response model is unique for the class and de-risking of the PD, significantly mitigating the risk of leaving efficacy on the table, the firm says.
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