Piper Sandler ups Legend Biotech target, names top 2023 pick

Piper Sandler analyst Edward Tenthoff raised the firm’s price target on Legend Biotech to $78 from $72 and keeps an Overweight rating on the shares. The analyst named Legend a top pick for 2023. Carvykti is the best-in-class autologous BCMA CAR-T for relapsed/refractory multiple myeloma with demand far outpacing supply, Tenthoff tells investors in a research note. He now forecasts Carvykti sales of $129M this year, growing to $344M in 2023