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Deutsche Bank upgrades Argenx on Vyvgart momentum, less-demanding valuation

As previously reported, Deutsche Bank upgraded Argenx (ARGX) to Buy from Hold with a price target of EUR 725, up from EUR 675. Despite a “somewhat underwhelming” Q4 report on February 26, the firm sees the valuation as “no longer as demanding as it was previously” and notes that Vyvgart commercial momentum is “looking intact overall” and that Argenx is now consistently profitable.

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