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RenovoRx price target raised to $11.50 from $11 at Ascendiant

Ascendiant analyst Edward Woo raised the firm’s price target on RenovoRx (RNXT) to $11.50 from $11 and keeps a Buy rating on the shares. The company reported Q1 results with strong revenue growth, the analyst tells investors in a research note. The firm says the RenovoCath commercialization and positive clinical data in Q3 will be “strong catalysts” for the stock.

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