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Septerna price target raised to $18 from $11 at Wells Fargo

Wells Fargo analyst Derek Archila raised the firm’s price target on Septerna (SEPN) to $18 from $11 and keeps an Equal Weight rating on the shares. While the firm remains on the sidelines due to the earliness of Septerna’s wholly-owned programs, the recent Novo Nordisk (NVO) deal helps validate its platform and provides additional cash runway.

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