Citi raised the firm’s price target on Caribou Biosciences (CRBU) to $8 from $5 and keeps a Buy rating on the shares, citing “meaningfully increased conviction” in the allogenic CAR-T value proposition following two “strong” data readouts in patients with relapsed or refractory B cell non-Hodgkin lymphoma and with relapsed or refractory multiple myeloma. The results deliver on previously communicated goals to generate continued allogenic efficacy on par with auto CAR-Ts and bispecifics, the analyst tells investors.
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