Morgan Stanley upgraded Rhythm Pharmaceuticals to Overweight from Equal Weight with a price target of $55, up from $29. The firm has greater confidence in the long-term potential of the company’s MC4R programs with preclinical data for RM-718 from the recent R&D Day demonstrating comparable activity on body weight and food intake reduction, as well as similar or improved safety compared to setmelanotide, the analyst tells investors in a research note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on RYTM:
- Rhythm Pharmaceuticals Announces New Employment Inducement Grants
- Rhythm Pharmaceuticals Sponsors Second Annual International Meeting on Pathway-Related Obesity: Vision & Evidence (IMPROVE) 2023
- Rhythm Pharmaceuticals price target raised by $8 at Ladenburg, here’s why
- Rhythm Pharmaceuticals price target raised to $45 from $32 at Needham
- Rhythm Pharmaceuticals price target raised to $48 from $40 at Wells Fargo
Questions or Comments about the article? Write to editor@tipranks.com