It's time to buy shares of Ionis Pharmaceuticals , according to Citi.
The firm upgraded the stock on Monday to buy from neutral and raised its price target to $60 from $36.
"Though HAE is a competitive market, Phase II data hints that it could have an attractive product profile and be a meaningful player," Lebowitz said.
Given current valuation, we view the risk-reward on Ionis shares as being skewed positive."
Lebowitz also highlighted donidalorsen's phase 2 test performance, which underpinned the stock upgrade.
Persons:
David Lebowitz, eplontersen, HAE, Lebowitz, donidalorsen, Ionis, Michael Bloom
Organizations:
Ionis Pharmaceuticals, Citi, AstraZeneca, donidalorsen, Ionis