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Immunocore initiated with an Overweight at Wells Fargo

Wells Fargo analyst Eva Fortea Verdejo initiated coverage of Immunocore (IMCR) with an Overweight rating and $60 price target The firm believes Kimmtrak “provides a good floor value” for the stock and indication expansion opportunities could offer upside over the next 12 months. There is room for further penetration, especially in the community setting, the analyst tells investors in a research note.

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