Piper Sandler analyst Yasmeen Rahimi initiated coverage of Soleno Therapeutics with an Overweight rating and $93 price target. The analyst thinks Soleno is undervalued and sees “substantial room for growth,” especially into approval. The firm believes DCCR is de-risked with high approval probability of success for Prader-Willi syndrome, which is an orphan disease with major unmet needs.
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