BofA raised the firm’s price target on Argenx (ARGX) to $774 from $770 and keeps a Buy rating on the shares. The company pre-announced Q4 Vyvgart revenue ahead of expectations, notes the analyst, who is “encouraged” by the continued strong momentum of Vyvgart in generalized myasthenia gravis and positive initial metrics in chronic inflammatory demyelinating polyneuropathy, adding that it increased its near-term revenue estimates to reflect continued growth in the franchise.
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Read More on ARGX:
- Argenx downgraded to Sell at Deutsche Bank on unfavorable risk/reward
- Argenx downgraded to Sell from Hold at Deutsche Bank
- Argenx price target raised to $717 from $670 at H.C. Wainwright
- Argenx price target raised to $700 from $660 at Truist
- Argenx price target raised to $696 from $606 at JMP Securities
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