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Denali Therapeutics price target raised to $42 from $32 at H.C. Wainwright

H.C. Wainwright raised the firm’s price target on Denali Therapeutics (DNLI) to $42 from $32 and keeps a Buy rating on the shares after the FDA granted accelerated approval for Avlayah for the treatment of neurologic manifestations of Hunter syndrome. The firm says the label breadth exceeds its base case assumptions.

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