Cyclerion Therapeutics (NASDAQ:KRSA) Coverage Initiated by Analysts at UBS Group

Equities researchers at UBS Group started coverage on shares of Cyclerion Therapeutics (NASDAQ:KRSAGet Free Report) in a research note issued to investors on Friday, Benzinga reports. The brokerage set a “buy” rating and a $55.00 price target on the stock.

Separately, Zacks Research raised Cyclerion Therapeutics to a “hold” rating in a research report on Wednesday. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $55.00.

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Cyclerion Therapeutics Stock Performance

Cyclerion Therapeutics Company Profile

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Cyclerion Therapeutics, Inc is a clinical-stage biopharmaceutical company focused on developing medicines for serious diseases of the central nervous system. The company has concentrated on therapies designed to influence the nitric oxide–soluble guanylate cyclase signaling pathway, which may play a role in neurological and other debilitating conditions.

Cyclerion’s lead development program was IW-6463, an oral, central nervous system-penetrant soluble guanylate cyclase stimulator investigated for potential use in neurodegenerative diseases, including Alzheimer’s disease and amyotrophic lateral sclerosis.

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