H.C. Wainwright raised the firm’s price target on IO Biotech (IOBT) to $14 from $12 and keeps a Buy rating on the shares following the Q1 report. The firm cites lower than expected operating expenses for the target increase. The analyst says IO’s Phase 3 advanced melanoma data is on track for Q3.

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IO Biotech reports Q1 EPS (34c) vs (30c) last year Positive Outlook for IO Biotech: Buy Rating Backed by Strong Cash Position and Promising Pipeline Biotech Alert: Searches spiking for these stocks today IOBT Earnings Report this Week: Is It a Buy, Ahead of Earnings?

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