Wells Fargo analyst Derek Archila raised the firm’s price target on Kyverna Therapeutics (KYTX) to $31 from $27 and keeps an Overweight rating on the shares. The firm believes KYV-101’s pivotal programs in Myasthenia Gravis and Stiff-Person Syndrome are highly de-risked and remain unappreciated by investors. Wells cites a higher probability of success for MG, and believes shares should work up into the pivotal SPS read out in the first half of 2026.
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