Truist analyst Robyn Karnauskas initiated coverage of Coherus Biosciences (CHRS) with a Buy rating and $24 price target. Truist is positive on this growing biosimilar franchise with a track record of taking share in competitive markets such as Amgen’s (AMGN) Neulasta, the analyst tells investors in a research note. The firm further cites the expected 2023 approval of underappreciated IO asset Toripalimal providing upside potential while noting the company’s management offering excellent commercial experience with "top-notch record" and a history of execution.
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Published first on TheFly
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