Citizens raised the firm’s price target on Rhythm Pharmaceuticals (RYTM) to $167 from $141 and keeps an Outperform rating on the shares. Preliminary Phase 2 data for setmelanotide in Prader-Willi Syndrome show impressive early efficacy on body weight as well as hyperphagia, the analyst tells investors in a research note.
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Read More on RYTM:
- Palatin initiated with a Buy at LaidlawRhythm Pharmaceuticals
- Promising Phase 2 Results for Rhythm Pharmaceuticals’ Setmelanotide in Prader-Willi Syndrome Boost Buy Rating
- Rhythm Pharmaceuticals price target raised to $150 from $129 at Morgan Stanley
- Rhythm Pharmaceuticals rises 15.6%
- Positive Phase 2 Trial Results Boost Rhythm Pharmaceuticals’ Outlook and Price Target