Truist raised the firm’s price target on Autolus Therapeutics (AUTL)to $10 from $9 and keeps a Buy rating on the shares. The firm anticipates a “transformative year” for the company as it advances towards commercializing Obe-cel in its first indication and defines Obe-cel’s profile in the autoimmune arena, the analyst tells investors in a research note. Despite the recent platform validation by BioNTech (BNTX), investors are likely missing the attractiveness of Obe-cel in adult Acute Lymphoblastic Leukemia, or ALL, the firm adds, modeling Autolus to be the “dominant CAR-T contender”.
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