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Fly News Breaks for September 12, 2017
XLRN
Sep 12, 2017 | 07:28 EDT
UBS analyst Carter Gould raised his price target on Acceleron to $50 from $36 as he lowered his discount rate assumption and put it in line with commercial stage companies. He also extended out his luspatercept sales forecast to reflect additional years of its patent term. The analyst views the shares as attractive with sizeable upside if de-risking data on ACE-083 emerges. Gould reiterated his Buy rating on Acceleron shares.
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