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PTC Therapeutics price target lowered to $73 from $79 at Wells Fargo

Wells Fargo lowered the firm’s price target on PTC Therapeutics (PTCT) to $73 from $79 and keeps an Overweight rating on the shares. Expectations for Friedreich’s ataxia were “limited” following comments suggesting PTC was not in labeling discussions for vatiquinone in early August, and the complete response letter appears to be a clearing event, the analyst tells investors in a research note.

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