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Agios Pharmaceuticals price target lowered to $54 from $55 at BofA

Agios Pharmaceuticals price target lowered to $54 from $55 at BofA

BofA lowered the firm’s price target on Agios Pharmaceuticals (AGIO) to $54 from $55 and keeps a Buy rating on the shares. The firm sees Agios’ story “gaining traction over the next 12 months” and cites slightly reduced outer-year revenue expectations, offset by reduced expenses, for its revised target on the shares.

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