Stifel analyst Annabel Samimy initiated coverage of Viking Therapeutics with a Buy rating and $22 price target, telling investors that the firm views the stock as "a stronger value proposition to play the NASH and obesity markets." VK2809 is approaching Phase 2b data with "a strong early profile of liver fat reduction, proven correlation with NASH/fibrosis reduction, and highly specific liver targeting that could offer better tolerability," the firm said.
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