JPMorgan analyst Brian Cheng raised the firm’s price target on Revolution Medicines (RVMD) to $82 from $71 and keeps an Overweight rating on the shares. JPMorgan also added the shares to its Analyst Focus List as a growth idea. While the company’s Q3 report seems like a “non-event,” it is making strategic moves to position the entire portfolio to “win in the long run,: the analyst tells investors in a research note.
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