TD Cowen raises Avita Medical stock price target on PermeaDerm data
TD Cowen raised its price target on Avita Medical (RCEL) to $14.00 from $12.00, citing confidence in PermeaDerm's commercial potential. The stock is up 185% YTD. Avita reported Q2 revenue of $21.7M, beating estimates, and BTIG upgraded its rating to Buy with a $11.00 target. PermeaDerm trial data showed economic benefits over allograft.

