UBS analyst Eliana Merle initiated coverage of Altimmune (ALT) with a Buy rating and $26 price target The firm sees Altimmune as “highly differentiated” in the metabolic space, with near-term upside from likely positive metabolic dysfunction-associated steatohepatitis data in Q2 of 2025. The firm has “high conviction” in pemvidutide’s success in the Phase 2b trial and assigns a 50% probability of success. It believes Altimmune’s long-term opportunities are underappreciated.
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