Baird raised the firm’s price target on PTC Therapeutics (PTCT) to $48 from $44 and keeps an Outperform rating on the shares. The firm said 3Q24 revenue exceeded expectations meaningfully, in part due to steady sales of Emflaza despite it now having generic competition.
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Read More on PTCT:
- PTC Therapeutics Reports Strong Q3 2024 Performance
- PTC Therapeutics Raises Revenue Guidance for 2024
- PTC Therapeutics reports Q3 EPS ($1.39), consensus ($1.44)
- PTC Therapeutics sees 2024 revenue $750M-$800M, consensus $734.43M
- PTC Therapeutics announces FDA acceptance of Translarna NDA resubmission