Clear Street raised the firm’s price target on Madrigal Pharmaceuticals (MDGL) to $533 from $431 and keeps a Buy rating on the shares to reflect Rezdiffra’s continued strong performance, even as Wegovy enters the F2-F3 MASH market. As a result of Rezdiffra’s sustained growth, the firm has increased its peak penetration assumption to 20% from 15% for F2-F3 MASH, the analyst noted.
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