Morgan Stanley raised the firm’s price target on Rhythm Pharmaceuticals (RYTM) to $129 from $122 and keeps an Overweight rating on the shares. The firm believes commercial experience in Bardet-Biedl syndrome sets the stage for “meaningful label expansion” in hypothalamic obesity later this year, noting that the company has an associated PDUFA deadline of December 20.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RYTM:
- Buy Rating for Rhythm Pharmaceuticals: Promising Setmelanotide Efficacy and Market Potential in Hypothalamic Obesity
- Rhythm Pharmaceuticals price target raised to $110 from $100 at H.C. Wainwright
- Rhythm Pharmaceuticals price target raised to $142 from $135 at Citizens JMP
- Rhythm Pharmaceuticals: Strong Commercial Strategy and Promising Market Potential for aHO Treatment Justifies Buy Rating
- Rhythm Pharmaceuticals price target raised to $122 from $109 at Morgan Stanley