Kezar Life Sciences (KZR) Initiated with a Buy at JonesTrading

By Carrie Williams

In a report released today, Prakhar Agrawal from JonesTrading initiated coverage with a Buy rating on Kezar Life Sciences (KZRResearch Report) and a price target of $14.00. The company’s shares closed last Monday at $5.27.

According to TipRanks.com, Agrawal has 0 stars on 0-5 stars ranking scale with an average return of -14.4% and a 7.1% success rate. Agrawal covers the Healthcare sector, focusing on stocks such as Phathom Pharmaceuticals, Arcutis Biotherapeutics, and Aldeyra Therapeutics.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Kezar Life Sciences with a $13.00 average price target.

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The company has a one-year high of $7.40 and a one-year low of $4.24. Currently, Kezar Life Sciences has an average volume of 200.4K.

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Kezar Life Sciences, Inc. is a clinical-stage biotechnology company, which discovers and develops novel small molecule therapeutics to treat autoimmunity and cancer. The firm specializes in the areas of protein degradation and protein secretion to discover & develop novel therapies for the treatment of serious and unmet medical needs. Its product include KZR-616, an immunoproteasome inhibitor, has completed testing in healthy volunteers. The company was founded by John Fowler, Christopher J. Kirk and Jack Taunton on February 20, 2015 and is headquartered in South San Francisco, CA.