UBS analyst Ashwani Verma raised the firm’s price target on United Therapeutics (UTHR) to $415 from $385 and keeps a Buy rating on the shares. UBS is modeling a 50% probability of success for the Tyvaso Phase 3 study in Idiopathic Pulmonary Fibrosis, but UBS sees a favorable risk/reward on the stock as downside should be minimized by United’s Accelerated Share Repurchase, the analyst tells investors in a research note.
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