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Stock impact report

H.C. Wainwright Flag KRRO-121 as Independent Value Driver for Korro Bio, Inc. (KRRO) [Yahoo! Finance]

Korro Bio, Inc. (KRRO) 
Company Research Source: Yahoo! Finance
TheFly reported on January 29 that H.C. Wainwright upgraded KRRO from Neutral to Buy with a $20 price target. The firm highlighted KRRO-121 as a second, independently risk-mitigated asset and described it as a “call option” that is separate from the company's earlier KRRO-110 program. H.C. Wainwright highlighted the independent potential of KRRO-121 by pointing out that KRRO's shares are trading close to zero enterprise value. Similarly, on the same day, Chardan Capital also upgraded Korro Bio, Inc. (NASDAQ:KRRO) from Neutral to Buy with a $15 price target following the company's analyst day. The upgrade reflected the firm's view that KRRO has “turned the page,” supported by strong preclinical data for KRRO-121. Korro Bio, Inc. (NASDAQ:KRRO) is a biopharmaceutical company developing precision genetic medicines by editing RNA to treat rare and prevalent diseases. Using its proprietary OPERA platform, KRRO advances RNA-editing therapies, including clinical and preclinical programs. Show less Read more
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