Jefferies initiated coverage of Moderna (MRNA) with a Hold rating and $30 price target For 2026, the company’s Covid and RSV sales should grow ex-US with operating expense also falling about 8%, but while this is directionally helpful, Moderna will need more to meet guide, the analyst tells investors in a research note. Moderna’s pipeline also needs to progress to drive non-Covid revenue to $3B, the firm added.
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