JPMorgan raised the firm’s price target on Cogent Biosciences (COGT) to $25 from $21 and keeps an Overweight rating on the shares. The firm says top-line pivotal SUMMIT Part 2 data for bezuclastinib in non-advanced systemic mastocytosis is expected in July. It sees a “very favorable” reward/risk profile for Cogent shares heading into the data. JPMorgan’s “base case win scenario” is a 50% symptom benefit relative to Ayvakit in the PIONEER study.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on COGT:
- Cogent Biosciences: Strong Financial Management and Promising Clinical Trials Support Buy Rating
- Cogent Biosciences price target lowered to $12 from $14 at H.C. Wainwright
- Cogent Biosciences: Promising Pipeline and Market Opportunities Drive Buy Rating
- Cogent Biosciences price target lowered to $7 from $8 at Baird
- Cogent Biosciences Advances with Promising Clinical Trials