Piper Sandler analyst Yasmeen Rahimi reiterated an Overweight rating and $50 price target on Ventyx Biosciences. The stock remains the firm’s top pick for 2023 and after its R&D day, Piper is more bullish for several reasons. The firm said the company is said to be catalyst rich in 2023, and dosing details were provided for the psoriasis, Crohn’s, and PSA trials that are expected to achieve efficacy similar to biologics.
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Published first on TheFly
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