HC Wainwright & Co. Maintains Buy Rating for Immunovant: Here's What You Need To Know

HC Wainwright & Co. has decided to maintain its Buy rating of Immunovant IMVT and raise its price target from $26.00 to $27.00.

Shares of Immunovant are trading down 3.77% over the last 24 hours, at $22.86 per share.

A move to $27.00 would account for a 18.14% increase from the current share price.

About Immunovant

Immunovant Inc is a clinical-stage biopharmaceutical company. It is focused on enabling normal lives for patients with autoimmune diseases. The company's product includes IMVT-1401 targets the neonatal Fc receptor (FcRn).

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This article was generated by Benzinga's automated content engine and reviewed by an editor.