What To Know About HC Wainwright & Co.'s Downgrade of IGM Biosciences

HC Wainwright & Co. downgraded its rating of IGM Biosciences IGMS to Neutral with a price target of $7.00, changing its price target from $11.00 to $7.00.

Shares of IGM Biosciences are trading up 0.0% over the last 24 hours, at $6.48 per share.

A move to $7.00 would account for a 8.02% increase from the current share price.

About IGM Biosciences

IGM Biosciences Inc is a biotechnology company engaged in the development of IgM antibody therapeutics for the treatment of cancer, infectious diseases, and autoimmune and inflammatory diseases. Its IgM antibody technology platform is suited for developing T cell engagers, receptor cross-linking agonists, and targeted cytokines. Its product candidate, IGM-2323, is a bispecific T cell engaging IgM antibody targeting CD20 and CD3 protein, IGM-8444, a combination with a chemotherapeutic agent such as irinotecan, gemcitabine, or venetoclax, and IGM-7354, a bispecific IgM antibody delivering interleukin-15 (IL-15) cytokines to PD-L1 expressing cells for the treatment of patients with solid and hematologic malignancies.

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