BofA analyst Tim Anderson raised the firm’s price target on Amylyx (AMLX) to $14 from $10 and keeps a Buy rating on the shares after the company reported Q2 results and reiterated it has a cash runway to the end of 2026. The firm’s higher target reflects changes in estimates, including a lower operating expense forecast in 2026, and updating its base valuation year to 2026.
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