Morgan Stanley raised the firm’s price target on Alpine Immune Sciences to $47 from $30 and keeps an Overweight rating on the shares. Q4 results highlighted continued progress for povetacicept and multiple 2024 catalysts are on track, beginning with updated RUBY-3 data for povetacicept in immunoglobulin A nephropathy, or IgAN, that are expected at the WCN meeting on April 15, the analyst tells investors. The firm continues to believe povetacicept has best-in-class profile in IgAN and broad potential in other autoimmune indications, the analyst added.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on ALPN:
- Alpine Immune Sciences Highlights Key Communication Channels
- Options Volatility and Implied Earnings Moves Today, March 18, 2024
- Alpine Immune Sciences (ALPN) Q4 Earnings Cheat Sheet
- Alpine Immune Sciences price target raised to $41 from $29 at RBC Capital
- Alpine Immune Sciences assumed with an Outperform at Oppenheimer