Piper Sandler analyst Edward Tenthoff raised the firm's price target on Fate Therapeutics to $57 from $28 and reiterates an Overweight rating on the shares. The analyst rolled forward the company's discount period to year-end 2020 and added pipeline value. The company ended 2019 with cash of $261M and is now focusing FT500 in non-small-cell lung carcinoma, Tenthoff tells investors in a research note.
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