JPMorgan raised the firm’s price target on Cytokinetics (CYTK) to $70 from $55 and keeps an Overweight rating on the shares. The firm upped the price target after revisiting its epidemiology and diagnosis rate assumptions for obstructive and nonobstructive hypertrophic cardiomyopathy. Diagnosis trends indicate nonobstructive hypertrophic cardiomyopathy is growing at a faster rate than obstructive and could account for up to half of the total HCM market over time, the analyst tells investors in a research note.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CYTK:
- CYTK Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- Major Moves: Fifth Third, HEICO, Transdigm, Cytokinetics, Vor Biopharma
- Cytokinetics price target raised to $62 from $56 at BofA
- Cytokinetics’ Aficamten Faces Competitive and Regulatory Challenges: Hold Rating Maintained
- Verisign, HEICO, Transdigm, Albertsons, Cytokinetics: Insider Moves Unveiled!