BofA analyst Tazeen Ahmad raised the firm’s price target on Apellis to $77 from $73 and keeps a Buy rating on the shares after the company reported preliminary Q4 Syfovre revenue of $114M that beat estimates. The firm is “encouraged” by a strong Q4 and “clear evidence of continued demand” and continues to look for color on the outcome of the EU regulatory process, which if positive could provide upside to its estimates, the analyst tells investors.
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