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Royalty Pharma price target raised to $63 from $61 at Morgan Stanley

Morgan Stanley analyst Terence Flynn raised the firm’s price target on Royalty Pharma (RPRX) to $63 from $61 and keeps an Overweight rating on the shares. The firm adjusted models among its biopharma coverage for IQVIA trends as well as intra-quarter updates ahead of Q1 earnings reporting from the group.

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