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BeOne Medicines price target raised to $420 from $398 at Jefferies

Jefferies raised the firm’s price target on BeOne Medicines (ONC) to $420 from $398 and keeps a Buy rating on the shares following a fireside chat and investor breakfast with management in London. The firm notes that management believes its chronic lymphocytic leukemia franchise will deliver “best-in-class” therapy to the full spectrum of CLL market. BeOne is advancing solid tumor pipeline at full speed with data in 2026, Jefferies told investors in a research note.

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