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Madrigal Pharmaceuticals price target raised to $460 from $422 at B. Riley

B. Riley raised the firm’s price target on Madrigal Pharmaceuticals (MDGL) to $460 from $422 and keeps a Buy rating on the shares. The company reported Q1 results, pointing to strong Rezdiffra U.S. sales trends, the analyst tells investors in a research note. The firm would buy the stock on any “sell-the-news” weakness.

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