This biotech stock can rally more than 70% with its fatty liver disease treatment, UBS says

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This biotech stock can rally more than 70% with its fatty liver disease treatment, UBS says
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Analyst Eliana Merle initiated the clinical-stage company with a buy rating and assigned a price target of $83, implying shares stand to gain 73%.

Akero Therapeutics could be a winner in the race to treat non-alcoholic steatohepatitis, a potentially life-threatening liver disease. Analyst Eliana Merle initiated the clinical-stage company with a buy rating and assigned a price target of $83, implying shares stand to gain 73% in the next 12 months. Akero develops treatments for patients with serious metabolic disease, including a therapy called efruxifermin , which received Breakthrough Therapy Designation from the U.S.

mountain Akero Therapeutics stock. — CNBC's Michael Bloom contributed reporting.

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