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Fly News Breaks for August 7, 2019
ALNY
Aug 7, 2019 | 07:53 EDT
Cowen analyst Ritu Baral lowered her price target on Alnylam to $120 from $147 following Q2 results. The analyst noted Onpattro sales were a solid beat representing continued momentum in both the US and EU. She sees a catalyst heavy second half of the year and sustained growth in the value of its shares. Her lowered price target was based on a higher discount rate given investor sentiment around launch risk around Onpattro and competition. Baral reiterated her Outperform rating on Alnylam shares.