Morgan Stanley analyst Jeffrey Hung upgraded Amicus to Overweight from Equal Weight with a price target of $20, up from $15. The company has achieved each of its major goals, such as approval of Pombiliti plus Opfolda, over the last year and the firm expects the company to reach non-GAAP profitability by year-end, the analyst tells investors. The firm thinks Amicus is well-positioned for the Galafold and Pombiliti plus Opfolda launches, the analyst added.
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