Raymond James analyst Steven Seedhouse upgrades NGM Biopharmaceuticals (NASDAQ:NGM) from Outperform to Strong Buy and raises the price target from $27 to $39.
Publication describes NGM's discovery of ILT3's functional ligand, fibronectin, a key component of the tumor stroma
ILT3-fibronectin interactions within the tumor microenvironment may form a stromal checkpoint