The firm initiated coverage of this stock with an outperform rating and a $40 price target.
Investors should take a closer look at Disc Medicine as it develops treatments for blood disorders, according to BMO Capital Markets. Analyst Evan David Seigerman initiated coverage of Disc Medicine with an outperform rating and a $40 price target, saying that the firm's development of bitopertin to treat erythropoietic porphyrias and other blood disorders appears promising. Erythropoietic porphyrias is a rare inherited metabolic disorder that could lead to painful photosensitivity.
mountain Disc Medicine shares YTD Last year, Disc Medicine went public in a reverse merger with biotechnology company Gemini Therapeutics, trading under the ticker symbol "IRON." Disc Medicine shares are up 8% this year. And, they may have even more upside. The analyst's $40 price target means that Disc Medicine shares can jump 84% from Wednesday's closing price.
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