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Alnylam price target raised to $449 from $304 at Piper Sandler

Piper Sandler raised the firm’s price target on Alnylam (ALNY) to $449 from $304 on a big AMVUTTRA beat, while keeping an Overweight rating on the shares following quarterly results. The firm notes Q2 AMVUTTRA sales of $492M crushed Street consensus of $357M driven by rapid ATTR-cardiomyopathy uptake in the first quarter of U.S. launch.

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