Wedbush reiterated an Outperform rating and $16 price target on Rocket Pharmaceuticals (RCKT), saying the Kresladi approval is a “significant milestone” for the company, which the firm believes reflects management’s strong execution. Payer coverage should not be an issue, and the priority review voucher will strengthen Rocket’s balance sheet, the analyst tells investors in a research note. The firm added that it does not see the negative stock price reaction as justified.
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