{"id":8481,"date":"2023-05-14T07:07:00","date_gmt":"2023-05-14T11:07:00","guid":{"rendered":"https:\/\/ifintechworld.com\/uncategorized\/allakos-upgraded-as-jefferies-sees-favorable-setup\/"},"modified":"2023-05-14T07:07:00","modified_gmt":"2023-05-14T11:07:00","slug":"allakos-upgraded-as-jefferies-sees-favorable-setup","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=8481","title":{"rendered":"Allakos upgraded as Jefferies sees favorable setup"},"content":{"rendered":"
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Allakos (ALLK) upgraded as Jefferies sees favorable setup<\/span>
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Jefferies analysts lifted Allakos (NASDAQ:) to Buy from Hold, raising the firm’s price target on the stock to $9 from $6 per share in a note Friday.<\/p>\n

The analysts told investors they see a favorable setup for the stock into Ph.IIb CSU data.<\/p>\n

The “key ph.IIb readout for liren in CSU is set for 2H23 \u2014 we now believe the risk\/reward skew positive,” the analysts wrote.<\/p>\n

ALLK shares gained more than 7% Friday following the note, with the firm’s new price target representing a potential 110% upside. However, the stock is down over 47% in 2023.<\/p>\n

“We think 1) bar for success is reasonable (i.e., stat sig vs PBO and ~as good as Xolair); 2) POC data so far & ph.IIb setup give ALLK decent POS to hit on the study; and 3) stock should respond (recall, stock was up ~80% in 2019 off EGiD ph.II), even if ph.III\/ commercial path is TBD\/more challenging,” they added.<\/p>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Allakos (ALLK) upgraded as Jefferies sees favorable setup Jefferies analysts lifted Allakos (NASDAQ:) to Buy from Hold, raising the firm’s price target on the stock to $9 from $6 per share in a note Friday. The analysts told investors they see a favorable setup for the stock into Ph.IIb CSU data. The “key ph.IIb readout […]<\/p>\n","protected":false},"author":1,"featured_media":8482,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[1],"tags":[83],"class_list":["post-8481","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-uncategorized","tag-featured","post_format-post-format-video"],"yoast_head":"\nAllakos upgraded as Jefferies sees favorable setup | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Allakos (ALLK) upgraded as Jefferies sees favorable setup Jefferies analysts lifted Allakos (NASDAQ:) to Buy from Hold, raising the firm's price target on\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ifintechworld.com\/?p=8481\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" 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