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Biohaven price target lowered to $30 from $54 at H.C. Wainwright

H.C. Wainwright analyst Douglas Tsao lowered the firm’s price target on Biohaven (BHVN) to $30 from $54 and keeps a Buy rating on the shares. The firm says the Oberland Capital debt facility covers only part of the expenses related to troriluzole and the company’s research and development programs, likely necessitating dilutive equity capital.

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