Mizuho analyst Mara Goldstein keeps a Neutral rating on Nektar Therapeutics (NKTR) with a $6 price target after the company said efficacy data previously generated by Eli Lilly (LLY) for rezpegaldesleukin that were presented at the September 2022 EADV Congress were incorrectly calculated by Lilly. The discovery of an error suggests rezpegaldesleukin could have a clinical and commercial path forward, the analyst tells investors in a research note. Nektar shares are trading well below cash, says the firm, which sees an opportunity to revisit the potential of rezpegaldesleukin in atopic dermatitis. Mizuho views this morning’s news as positive for Nektar.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on NKTR: