United Therapeutics price target raised to $447 from $435 at Morgan Stanley

Morgan Stanley raised the firm’s price target on United Therapeutics (UTHR) to $447 from $435 and keeps an Equal Weight rating on the shares. Despite a Q3 miss, shares traded up following commentary on the call regarding the potential for a Tyvaso rest-of-the-world partnerships following recent Phase 3 IPF data, the analyst noted. During the post Q3 follow up call, management noted that the commentary was meant to suggest that the company is open to partnerships and collaborations, but that there are no active discussions, the analyst tells investors.