Chardan analyst Daniil Gataulin initiated coverage of Tourmaline Bio (TRML) with a Buy rating and $70 price target The firm cites the potential of the company’s lead asset, the anti-IL6 antibody pacibekitug, in thyroid eye disease and atherosclerotic cardiovascular disease for the Buy rating. It also sees additional upside potential in abdominal aortic aneurysm.
Protect Your Portfolio Against Market Uncertainty
- Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter.
- Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TRML:
- Tourmaline Bio’s Strategic Advancements and Financial Strength Drive Buy Rating
- Tourmaline Bio price target lowered to $63 from $74 at Truist
- Truist biotech analyst holds an analyst/industry conference call
- Tourmaline Bio’s TOUR006: Potential Best-in-Class IL-6 Treatment with Strategic Market Positioning
- Positive Buy Rating for Tourmaline Bio Driven by Promising Pacibekitug Developments and Strategic Value