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AGN - Evolus: Strong Early Sales Of Jeuveau Can Take The Stock Price Higher
Allergan plc
Evolus, Inc. (EOLS) has recently started its commercial launch of the key product Jeuveau in the U.S. in May 2019, while the stock price has plummeted almost 50% in the meantime. We initiated our coverage on the stock with a BUY rating when the stock price was around $26.50 back in February 2019. Nevertheless, we still remain bullish on the company despite the recent downturn in the stock price, given the positive industry dynamics, combined with an experienced management team that used to work in the aesthetics business before joining the company. In