Ascendis Pharma price target lowered to $264 from $277 at Wells Fargo

Wells Fargo lowered the firm’s price target on Ascendis Pharma to $264 from $277 and keeps an Overweight rating on the shares. Q2 updates were messy, but Yorvipath’s U.S. commercial opportunity in HypoPTH and optionality for TransCon CNP support the firm’s thesis. Wells says it would buy on the weakness.

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