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Prothena price target lowered to $48 from $84 at H.C. Wainwright

H.C. Wainwright lowered the firm’s price target on Prothena (PRTA) to $48 from $84 and keeps a Buy rating on the shares after the Phase 2b PADOVA study results conducted by Roche narrowly missed the statistical significance in the primary endpoint of time to confirmed motor progression.

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