Morgan Stanley analyst Vikram Purohit assumed coverage of Halozyme Therapeutics with an Overweight rating and price target of $65, up from $53. The company offers "defensive properties" and pipeline optionality, Purohit tells investors in a research note. The analyst believes updates from the pipeline and Wave 3 products should keep driving interest in the shares in 2023. Halozyme has a "diversified revenue streams through its Enhanze platform," writes Purohit.
Published first on TheFly
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