Evommune stock initiated at Overweight by Morgan Stanley on dermatitis drug potential
Morgan Stanley initiated coverage on Evommune Inc (NYSE:EVMN) with an Overweight rating and a $26.00 price target, citing potential in its EVO301 drug for atopic dermatitis. The company's stock is down 74% over the past year, trading at $5.27. Analysts have mixed reactions following recent trial results, with some maintaining positive outlooks despite setbacks. The atopic dermatitis market is expected to grow to $26 billion by 2030, according to Morgan Stanley.


