Jun. 30 at 10:17 PM
Jefferies upgraded
$ABVX to Buy from Hold, raising its price target to
$158 from
$108.
The firm cited “we’re back” sentiment, stating that key overhangs have been removed and strong clinical data should help drive value realization going forward.
Jefferies also highlighted broader implications across the biotech space, referencing multiple peers including
$ABBV, MRK, and others, suggesting a more constructive sector backdrop following recent updates.