Wells Fargo raised the firm’s price target on Rhythm Pharmaceuticals (RYTM) to $80 from $53 and keeps an Overweight rating on the shares. The firm is increasing its probability of success for IMCIVREE’s Phase 3 trial in HO after obesity week and has added risk adjusted value for RM-718/LB54640 for the company’s MC4R franchise. Wells expects shares to move higher into multiple 2025 catalysts.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RYTM:
- Rhythm Pharmaceuticals price target raised to $69 from $64 at H.C. Wainwright
- Rhythm Pharmaceuticals’ Common Stock Faces Risks from Convertible Preferred Stock Supremacy
- Rhythm Pharmaceuticals price target raised to $80 from $77 at Canaccord
- Rhythm Pharmaceuticals price target raised to $65 from $55 at TD Cowen
- Rhythm Pharmaceuticals Reports Strong Q3 Revenue Growth
Questions or Comments about the article? Write to editor@tipranks.com