Piper Sandler raised the firm’s price target on Humacyte to $4 from $3 and keeps a Neutral rating on the shares after assuming coverage of the name. The firm views Humacyte as one of the premier players in the regenerative medicine space, having developed innovative off-the-shelf and universally-implantable human acellular vessel technology, but doesn’t love the stock setup heading into the initial HAV launch in vascular trauma in September, Piper says. The firm thinks more visibility on the launch is necessary for the stock to work, and views shares as fairly valued.
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