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Fly News Breaks for November 7, 2018
MNTA
Nov 7, 2018 | 15:21 EDT
Stifel analyst Derek Archila maintained a Buy rating on Momenta and lowered his price target on shares to $39 from $40 after the company's Q3 earnings report. Archila said the earnings were a "non-event" and that he remains bullish in his long-term thesis on Momenta as he is optimistic about the company's M281 program, despite a near-term financial overhang and controversy surrounding M281's safety profile -- which the analyst has previously stated he is not overly concerned with.
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