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Stock impact report

Encouraging Guidance on Clinical Program Makes Summit Therapeutics (SMMT) Look Attractive [Yahoo! Finance]

Summit Therapeutics Inc. (SMMT) 
Last summit therapeutics inc. earnings: 6/12 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: summitplc.com/investors/investor-centre
Company Research Source: Yahoo! Finance
On January 14, H.C. Wainwright analyst Mitchell Kapoor reaffirmed his optimistic outlook on Summit Therapeutics (NASDAQ:SMMT). He assigned a Buy rating to the stock with a $40 price target, resulting in an upside of nearly 143%. Copyright: dolgachov / 123RF Stock Photo Kapoor's rating comes at the back of the company's submission of Biologics License Application (BLA), relating to ivonescimab clinical program. He emphasized that in the short-run, stock performance will be driven by ivonescimab's survival data in the HARMONi-2 trial, and not so much by the regulatory filing mechanics in EGFR-mutated NSCLC. On January 13, Citizens also maintained its Market Outperform rating on Summit Therapeutics (NASDAQ:SMMT), with a $40 price target. The rating was based on the company's recent guidance on ivonescimab clinical program, and submission of its first Biologics License Application (BLA). Besides that, Citizens also highlighted the company's recent announcement to collaborate with Show less Read more
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