Verastem (VSTM)

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Verastem initiated at Cantor Fitzgerald Cantor Fitzgerald starts Verastem with Overweight, $5 price target. Cantor Fitzgerald analyst Alethia Young started Verastem Oncology with an Overweight rating and $5 price target. The launch of the company's first drug, Copiktra, is in the early days and investor expectations remain very low for commercial potential, Young tells investors in a research note. The analyst sees an opportunity for Copiktra, due to unmet need in the 20,000 relapsed/refractory chronic lymphocytic leukemia/small lymphocytic lymphoma and follicular lymphoma patients. The market under appreciates the commercial potential for Copiktra, says the analyst.

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