Cytokinetics started at outperform by RBC, valuation cited
seekingalpha
2024-11-09
peterschreiber.media
RBC Capital Markets started coverage of Cytokinetics (NASDAQ:CYTK) with an outperform rating, citing valuation.
“With shares down 50% since their January peak, we think the $3.6B opportunity driven by aficamten’s convenience, safety and efficacy in HCM is not being fully valued,” the investment bank wrote