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Repligen initiated with a Buy at Rothschild & Co Redburn

Rothschild & Co Redburn initiated coverage of Repligen (RGEN) with a Buy rating and $160 price target The firm says Repligen is a pure-play bioprocessing company and leader in continuous manufacturing. The stock’s premium valuation is warranted given the company’s “sector-leading” mid-term revenue and adjusted earnings outlooks of 15% and 29% respectively, the analyst tells investors in a research note.

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