AnaptysBio (ANAB) PT Lowered to $20 at Truist Securities

Truist Securities analyst John Lee lowered the price target on AnaptysBio (NASDAQ: ANAB) to $20.00 (from $30.00) while maintaining a Hold rating.

The analyst commented: "We are updating our ANAB model to reflect the following: We're removing ANB032 in AD from our SOTP valuation of ANAB due to recent Ph2b trial failure; Lowering our estimates for imsidolimab as ANAB continue to search for a partner to take the program forward; Our rosnilimab estimates in RA remain unchanged."

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