Citi analyst Yigal Nochomovitz raised the firm’s price target on Arcturus Therapeutics to $48 from $40 and keeps a Buy rating on the shares. The analyst cites the inclusion of Japan-specific revenues for ARCT-154 for the target increase. Based on current vaccination trendlines in Japan, the Japanese government needs to meet demand for 15M additional booster doses in 2024, the analyst tells investors in a research note.
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