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EVLO - Evelo Biosciences climbs 22% as Chardan upgrades shares to buy
Evelo Biosciences Inc.
Shares of Evelo Biosciences (EVLO +22.7%) are up this morning after Chardan Capital Markets upgraded the stock from neutral to buy. Analyst Keay Nakae is maintaining the price target at $12 (~36% upside). The company's lead candidate, EDP1815, is in phase 2/3 for COVID-19 and phase 2 for psoriasis. The move comes after the company missed its EPS estimate in its Q3 2021 earnings last week.