Morgan Stanley initiates Zenas Biopharma stock coverage with Equalweight rating
Morgan Stanley initiated coverage on Zenas Biopharma (ZBIO) with an Equalweight rating and $32 price target, citing 20% upside. The firm highlights obexelimab's potential for IgG4-related disease, estimating $650M sales by 2035. Analysts generally rate ZBIO as Strong Buy with targets up to $59. The company has a solid balance sheet but may be overvalued, per InvestingPro.



