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-0.000557413600891949 0 0.0055741360089185 0 -0.0189520624303233 0.0011148272017837 -0.0011148272017837 0
Stock impact report

Allakos gains as Jefferies upgrades to Buy on lead candidate [Seeking Alpha]

Allakos Inc. (ALLK) 
Last allakos inc. earnings: 11/12 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.allakos.com/investor-relations
Company Research Source: Seeking Alpha
Allakos gains as Jefferies upgrades to Buy on lead candidateMay 12, 2023 9:15 AM ETAllakos Inc. (ALLK)NVSRHHBYNVSEFRHHBFBy:Dulan LokuwithanaSA EditorfranckreporterAllakos (NASDAQ:rose ~8%San Carlos, California-based Allakos (mid-stage trials for moderate-to-severe atopic dermatitis and chronic spontaneous urticaria (CSU), expecting topline data from both studies in H2 2023.Noting that the stock has lost ~50% during the year compared to more than a 5% rise in the broader biotech subsector, Jefferies analyst Maury Raycroft sees a positive risk-reward setup for the stock.Raycroft who raises his price target on ALLK to $9 from $6 per share argues that lirentelimab has a reasonable threshold to hit success against CSU.Raycroft highlights lirentelimabâ??s potential to outperform the placebo with statistical significance and perform at least in line with Xolair, the FDA-approved CSU therapy from Roche (OTCQX:RHHBYOTCQX:RHHBFOTCPK:NVSEFRecalling that Allakos (eosinophilic gastrointestinal di Show less Read more
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