H.C. Wainwright reiterates Engene stock rating on NMIBC data
H.C. Wainwright reiterated a Buy rating and $4.00 price target for Engene Holdings (NASDAQ:ENGN) after a webinar on detalimogene for non-muscle invasive bladder cancer. The stock is down 81% year-to-date but may be undervalued, with negative $104M levered free cash flow. Engene plans a pivotal-cohort update in Q4 2026 and potential FDA approval in 2027. Management also discussed preclinical data and a surfactant pre-rinse cohort. Citizens maintains a Market Perform rating.

