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Stock impact report

Wall Street Bullish on Spyre Therapeutics, Inc. (SYRE) with Strong Buy Rating [Yahoo! Finance]

Spyre Therapeutics, Inc. (SYRE) 
Company Research Source: Yahoo! Finance
The update follows Mizuho's initiation of coverage on the stock on December 18 with an Outperform rating and a share price target of $53, where it cited potential in the company's pipeline of anti-monoclonal antibodies to treat inflammatory bowel disease (IBD). In November, the biotech company shared positive findings from its Phase 1 human trial of SPY003, an extended half-life antibody to cure IBD. The tests performed on 59 participants with varying doses showed that the drug was well received at all levels, with a half-life of nearly 85 days, strengthening the case for quarterly or two annual maintenance doses. According to TipRanks, in a research note to investors, Mizuho praised the company's expertise in testing new combinations for treatments, which could help drive growth in the future. The firm projects Spyre Therapeutics, Inc. (NASDAQ:SYRE)'s global sales to reach $1.7 billion by 2035. Wall Street analysts have a bullish outlook on the stock with a consensus Strong Bu Show less Read more
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