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XOMA price target raised to $6 from $5 at Ladenburg

Ladenburg raised its price target on XOMA after the company reported top-line Phase II data for its Behcet's Uveitis treatment, Gevokizumab, that the firm views as positive. Ladenbirg thinks the data further derisks the upcoming EYEGUARD-A trial and it reiterates a Buy rating on XOMA.