Oppenheimer analyst Jay Olson raised the firm’s price target on Viking Therapeutics to $20 from $17 and keeps an Outperform rating on the shares. The firm views VK2735 as an underappreciated asset for Viking with a large potential opportunity in obesity. Oppenheimer added that it believes the Phase 1 data for VK2735 expected in Q1 could unlock substantial shareholder value, and its scenario analysis forecasts +20% probability-weighted upside.
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Published first on TheFly
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