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Oncolytics price target raised to $10 from $5 at H.C. Wainwright

H.C. Wainwright raised the firm’s price target on Oncolytics (ONCY) to $10 from $5 and keeps a Buy rating on the shares. The firm says the company’s “compelling” data in gastrointestinal tumors increase its confidence ahead of the FDA meeting. H.C. Wainwright is increasingly confident that pelareorep is advancing toward “actionable regulatory pathways” across three “high-value” cancer indications.

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