JPMorgan added PTC Therapeutics (PTCT) to the firm’s Analyst Focus List while keeping an Overweight rating on the shares with a $68 price target The selloff following the Complete Response Letter from the FDA for the Freidreich’s ataxia indication presents an attractive buying opportunity, the analyst tells investors in a research note. The firm is not surprised by the CRL and believes it is fully priced into the shares.
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Read More on PTCT:
- PTC Therapeutics price target lowered to $76 from $82 at BofA
- PTC Therapeutics price target lowered to $73 from $79 at Wells Fargo
- PTC Therapeutics price target lowered to $63 from $64 at Jefferies
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