JonesResearch initiated coverage of Alto Neuroscience (ANRO) with a Buy rating and $18 price target Alto is a biopharmaceutical company developing therapies for the treatment of central nervous system diseases, leveraging its biomarker platform for improved patient identification and selection, the analyst tells investors in a research note. The firm says that while the Phase IIb results for ALTO-100 reported in October were disappointing, the market reaction was overdone as the results as an indictment of the company’s broader approach.
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Read More on ANRO:
- Alto Neuroscience Strengthens Financial Position Amid Increased R&D
- Alto Neuroscience price target lowered to $10 from $32 at Stifel
- Alto Neuroscience reports Q3 EPS (62c), consensus (65c)
- Alto Neuroscience expects cash balance to support operations into 2027
- Largest borrow rate increases among liquid names
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