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Argenx price target raised to $515 from $490 at Baird

Argenx price target raised to $515 from $490 at Baird

Baird raised the firm’s price target on Argenx to $515 from $490 and keeps an Outperform rating on the shares. The firm said the key updates from earnings were a strong 2Q24 revenue of $489M, far higher than consensus of $439M, and the announcement of a decision to advance ITP into a confirmatory study for the US following discussions with the FDA.

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