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Wolfe starts Alpine at Outperform, says bullish on de-risked mechanism
The Fly

Wolfe starts Alpine at Outperform, says bullish on de-risked mechanism

Wolfe Research initiated coverage of Alpine Immune Sciences with an Outperform rating and $44 price target. The firm expects clinical data from povetacicept to meaningfully drive the stock. Wolfe added that the firm is bullish on a de-risked mechanism, and that Alpine has a more attractive clinical profile than its competitors.

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