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Kymera Therapeutics price target lowered to $35 from $50 at B. Riley

B. Riley analyst Kalpit Patel lowered the firm’s price target on Kymera Therapeutics to $35 from $50 and keeps a Neutral rating on the shares. The analyst says Pfizer’s recent IRAK4 inhibitor failure weighs on his outlook for IRAK4 as a target.

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