Bank of America Maintains Buy Rating on Vaxcyte Amid New Manufacturing Deal

Reported 3 days ago

Bank of America Securities has reaffirmed its Buy rating on Vaxcyte, Inc. (NASDAQ:PCVX), setting a price target of $134.00. The company recently entered an agreement with Thermo Fisher Scientific to enhance U.S. manufacturing of its broad-spectrum pneumococcal conjugate vaccines, marking a significant long-term commitment estimated at up to $1 billion. Vaxcyte is focused on innovative vaccine development to combat bacterial infectious diseases.

Source: YAHOO

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