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Wednesday, June 6, 2018

Zymeworks cut to neutral by Citi


Zymeworks downgraded to Neutral from Buy at Citi. Citi analyst Yigal Nochomovitz downgraded Zymeworks to Neutral while raising his price target for the shares to $20 from $18. The analyst believes the good ZW25 data at ASCO are now reflected in the valuation. Further, he sees a lack of near-term share catalysts

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