Citizens JMP raised the firm’s price target on Argenx (ARGX) to $701 from $696 and keeps an Outperform rating on the shares. Argenx’s Q4 results highlighted another strong quarter for the VYVGART franchise, and as the launch of VYVGART in Chronic Inflammatory Demyelinating Polyneuropathy continues to impress, approval of the pre-filled syringe in April should be a further tailwind, the analyst tells investors in a research note. The firm expects Argenx to deliver robust free cash flow moving forward.
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