Citigroup Maintains Buy Rating for Arcus Biosciences: Here's What You Need To Know

Citigroup has decided to maintain its Buy rating of Arcus Biosciences RCUS and lower its price target from $40.00 to $41.00.

Shares of Arcus Biosciences are trading up 24.06% over the last 24 hours, at $21.71 per share.

A move to $41.00 would account for a 88.85% increase from the current share price.

About Arcus Biosciences

Arcus Biosciences Inc is a clinical-stage biopharmaceutical company. It develops immunotherapies for the treatment of cancer. The company focuses on an ATP-adenosine pathway, which is a key driver of immunosuppression in the tumor microenvironment to create and optimize differentiated small-molecule immuno-oncology product candidates. Its product pipeline includes Domvanalimab, Etrumadenant, AB680, and Zimberelimab. Arcus conducts clinical trials for different types of cancers such as Prostate, Lung, Colorectal, Pancreatic, and others. The company operates through the single segment being the business of developing and commercializing immunotherapies.

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