Spyre Therapeutics Inc (SYRE) saw its stock price soar 6.99% in pre-market trading on Tuesday.
The surge follows a series of bullish analyst actions, including target price increases from multiple firms. Jefferies raised its target to $85 from $47, Wells Fargo increased to $90 from $50, Leerink Partners lifted to $106 from $49, Mizuho boosted to $84 from $53, Deutsche Bank raised to $88 from $55, and Wedbush upped to $80 from $65. Additionally, Raymond James initiated coverage with a Strong Buy rating and an $80 target price.
These analyst actions reflect growing optimism about the company's prospects, driving investor interest and buying activity in the pre-market session.
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