Wells Fargo lowered the firm’s price target on Rapt Therapeutics to $32 from $42 and keeps an Overweight rating on the shares. Following Rapt Therapeutics’ update on zelnecirnon and a review of precedent liver failure cases with other drugs, the firm notes a range of possible outcomes and would await additional info to better assess the relatedness of the SAE to zelnecirnon and the path forward.
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