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Alkermes price target raised to $52 from $40 at Deutsche Bank

Alkermes price target raised to $52 from $40 at Deutsche Bank

Deutsche Bank analyst David Hoang raised the firm’s price target on Alkermes (ALKS) to $52 from $40 and keeps a Buy rating on the shares. After speaking with sleep specialists, the firm has increased conviction in ALKS 2680. The orexin-2 receptor agonist candidate is in “pole position” for narcolepsy, the analyst tells investors in a research note. The firm says doctors endorsed a bullish view of the orexin class as a “game-changer” for the treatment of narcolepsy.

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