Nektar Downgrade: Move To Hold After REZPEG Protocol Headwinds — Wait For Clarity, Trade Carefully
We downgrade Nektar Therapeutics (NKTR) to Hold after the REZPEG/REZOLVE trial enrollment controversy and attendant class actions raise near-term regulatory and commercial uncertainty. The balance sheet and a still-high short-interest profile make the name tradeable on volatility, but the company’s valuation and cash burn demand caution. Our trade …