Nkarta price target lowered to $15 from $18 at Stifel

Stifel lowered the firm’s price target on Nkarta to $15 from $18 and keeps a Buy rating on the shares. The firm is anticipating multiple catalysts over the next 12-months, which should provide visibility into the longer-term viability of NKX019 and NKX101, the analyst tells investors. While these programs remain show-me stories for investors, the firm believes current valuation excludes any prospects of success.