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The coverage initiation with a Buy rating signals strong future potential, akin to past biotech successes post-analyst upgrades.
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Guggenheim initiated coverage on AMLX, seeing blockbuster potential in PBH. Analyst Fernandez set a Buy rating with a $17 price target. AMLX's avexitide is entering pivotal Phase 3 study, results expected by 2026. Market for GLP-1 antagonists for PBH projected to exceed $2 billion by 2035. AMLX stock rose 24.5% to $6.25 following the announcement.
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