Jefferies initiates Mentari Therapeutics stock with buy rating on migraine pipeline
Jefferies initiated coverage on Mentari Therapeutics (NASDAQ:MTRI) with a buy rating and a $30.00 price target, citing its migraine prevention drug pipeline. The stock trades at $16, 31% below its 52-week high. The company expects Phase I data for MT-001 and MT-002 in 2027. MTRI has $450 million in cash, providing runway into 2029.
