Watching Wave Life Sciences; Mizuho Note Says 'Wave Is Entering Obesity. INHBE Knockdown Led To 16% Weight Loss With Significant Decrease In Fat In 5 Weeks' Gives Buy Rating With $10 Price Target
Portfolio Pulse from Benzinga Newsdesk
Mizuho Securities has issued a 'Buy' rating for Wave Life Sciences, with a price target of $10. The rating comes as Wave Life Sciences enters the obesity market, with its INHBE knockdown leading to a 16% weight loss and significant decrease in fat in 5 weeks.
September 28, 2023 | 3:22 pm
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Wave Life Sciences received a 'Buy' rating from Mizuho Securities, with a price target of $10. The company's entry into the obesity market and the success of its INHBE knockdown could positively impact its stock price.
The 'Buy' rating from Mizuho Securities indicates a positive outlook for Wave Life Sciences. The company's entry into the obesity market and the success of its INHBE knockdown, which led to a 16% weight loss in 5 weeks, could attract investors and drive up the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100