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Arrowhead price target lowered to $38 from $51 at B. Riley

Arrowhead price target lowered to $38 from $51 at B. Riley

B. Riley lowered the firm’s price target on Arrowhead (ARWR) to $38 from $51 and keeps a Buy rating on the shares following the fiscal Q1 report. The firm says Ionis Pharmaceuticals’ (IONS) Tryngolza early launch trends to offer visibility into Arrowhead’s near-term commercial prospects.

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