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Fly News Breaks for October 24, 2016
ALNY
Oct 24, 2016 | 06:54 EDT
Piper Jaffray analyst Edward Tenthoff says shares of Alnylam Pharmaceuticals are down 48% since the company said it was discontinuing the Phase III ENDEAVOR trial of revusiran. The analyst believes the death imbalance in the trial was either a revusiran specific or hATTR-CM disease issue that does not apply to the rest of Alnylam's RNAi pipeline. He recommends owning the stock now and reiterates an Overweight rating on Alnylam with a $106 price target.
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