Chardan analyst Keay Nakae raised the firm’s price target on Dyne Therapeutics to $31 from $20 and keeps a Buy rating on the shares following the Q4 report. The analyst has increased confidence in the company’s platform following the positive first in human data for its lead assets, DYNE-101 and DYNE-251. The initial safety and efficacy data from these two programs provide important clinical proof of concept for Dyne’s Force platform to successfully deliver to ex-hepatic targets, the analyst tells investors in a research note.
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