H.C. Wainwright raised the firm’s price target on Celcuity (CELC) to $50 from $27 and keeps a Buy rating on the shares. After Celcuity reported positive topline efficacy results from the wild-type cohort of the VIKTORIA-1 Phase 3 trial, the firm is adjusting its view of probability of a launch to 70% from 49.5%, driving the firm’s raised target.
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