UBS analyst Ashwani Verma upgraded Coherus Biosciences to Buy from Neutral with an unchanged price target of $11. The recent selloff in shares presents an attractive entry point as the company’s "topline growth narrative" appears underappreciated at current valuation levels, the analyst tells investors in a research note. Through its multiple biosimilar launches, Coherus has "multiple shots on goal," says the firm. It believes the company’s biosimilar revenue can climb to $580M by 2025 from $211M in 2022.
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