Berenberg Starts Cue Biopharma (CUE) at Buy

November 24, 2020 6:34 AM EST
Get Alerts CUE Hot Sheet
Price: $13.52 +1.50%

Rating Summary:
    7 Buy, 0 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 11 | Down: 12 | New: 41
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Berenberg analyst Zhiqiang Shu initiates coverage on Cue Biopharma (NASDAQ: CUE) with a Buy rating and a price target of $30.00.

The analyst commented, "Cue Biopharma is developing a highly selective IL-2-based cancer therapy to treat head and neck cancer. We think potential approval opportunities (we assume 30%) for this drug in both advanced disease and front-line settings are under-appreciated by the market. Based on a favourable risk/reward profile, we believe the current valuation is an attractive entry point. We initiate with a Buy rating."

For an analyst ratings summary and ratings history on Cue Biopharma click here. For more ratings news on Cue Biopharma click here.

Shares of Cue Biopharma closed at $12.01 yesterday.

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