Biopharma IPOs are experiencing a surge, with companies like Septerna and Ceribell achieving significant post-IPO price increases. This success is raising hopes that more tech-related firms will follow suit, as venture capital and hedge fund investments in these biopharma companies remain strong.
UBS has raised its price target for UPS from $159 to $170, maintaining a "Buy" rating. Analyst Thomas Wadewitz noted improvements in the logistics company's third quarter but expressed caution regarding macroeconomic impacts on freight volumes and earnings for 2025 and 2026.
UBS has raised its price target for UPS from $159 to $170 while maintaining a "Buy" rating. Analyst Thomas Wadewitz noted improvements in the logistics company's third quarter but expressed caution regarding macroeconomic impacts on freight volumes and earnings for 2025 and 2026.
UBS has maintained its 'Buy' rating for UPS, setting a target price of $159. Analyst Thomas Wadewitz noted a positive shift for the logistics company in the third quarter, which is expected to bolster the share price.
Upstream Bio has priced its IPO at $255 million, selling 15 million shares at $17 each, to fund the development of its antibody drug targeting respiratory diseases. The company aims to challenge existing asthma treatments, with plans to report Phase 2 results for its drug, verekitug, in 2025. This IPO reflects a growing investor interest in immunology-focused biotech firms, with a notable increase in offerings this year.
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