JPMorgan analyst Brian Cheng reiterates Overweight ratings on Roivant Sciences (ROIV) and Immunovant (IMVT) following the recent share weakness, saying fundamentals remain solid for both companies. While Immunovant operates independently, both stories are “highly intertwined,” the analyst tells investors in a research note. The firm continues to look for visibility on Roivant’s plan to deploy its capital. Without clarity on the timing of the next strategic steps, sentiment around Immunovant will need time to improve, contends JPMorgan.
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