Citi upgraded PTC Therapeutics (PTCT) to Neutral from Sell with a price target of $40, down from $50. The company’s Q1 revenue came in above consensus, in part driven by Emflaza sales ahead of expected volume erosion to biosimilars, the analyst tells investors in a research note. The firm says Street expectations have re-aligned closer to its numbers, while PTC has an opportunity into the summer across two potential approvals and launches in disease areas with unmet need. As such, the stock’s risk/reward is now more balanced than before into the potential Sephience approval, contends Citi.
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Read More on PTCT:
- PTC Therapeutics Reports Strong Q1 2025 Results
- PTC Therapeutics: Balancing Strategic Success with Regulatory Uncertainty – A Hold Rating Analysis
- PTC Therapeutics Reports Strong Q1 2025 Financial Results
- PTC Therapeutics narrows FY25 revenue view to $650M-$800M from $600M-$800M
- PTC Therapeutics reports Q1 EPS $10.04 may not compare with consensus (7c)
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