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Fly News Breaks for June 13, 2017
XLRN
Jun 13, 2017 | 08:23 EDT
After Acceleron's dalantercept missed its primary endpoint in advanced renal cell carcinoma in a trial, JMP Securities analyst Michael King says that the drop in the stock is overdone. He cut his price target on the shares to $34 from $39 but recommends buying the shares today on any weakness.
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