TD Cowen analyst Marc Frahm raised the firm’s price target on Royalty Pharma (RPRX) to $45 from $42 and keeps a Buy rating on the shares. The firm raised its target as the company benefits from biopharma tailwinds but with fewer risks. It is the leader in biopharma royalty acquisitions with a track record that bolsters confidence in sustainable growth on the back of industry innovation and persistent funding needs.
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