Goldman Sachs assigned a Neutral rating and $20 price target to Edgewise Therapeutics (EWTX) after having previously covered the stock with an Early-Stage Biotech rating. While the firm sees blockbuster potential for the company’s programs across multiple indications including sevasemten in Becker muscular dystrophy, where there is no currently approved FDA therapy, and Duchenne muscular dystrophy, it also sees limited opportunities for the stock to re-rate over the next 12 months given expected clinical and regulatory updates.
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