BMO Capital raised the firm’s price target on Neurogene (NGNE) to $22 from $16 and keeps an Outperform rating on the shares. The firm notes that the company’s ASGCT presentations and the recent FDA earnings commentary gives it increased confidence in acceptance of non-placebo controlled trials, the analyst tells investors in a research note. Additional ASGCT presentations outline risk mitigation strategies which makes BMO more confident going forward, the firm added.
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