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Alnylam priced at perfection - JPMorgan; shares off 5%

Published 06/26/2017, 12:35 PM
© Reuters.  Alnylam priced at perfection - JPMorgan; shares off 5%
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  • Alnylam Pharmaceuticals (ALNY -4.6%) takes a breather from its recent run-up. Shares are down on modest profit taking after more than doubling since Q1.
  • JPMorgan (NYSE:JPM)'s Anupam Rama is bearish on the stock near-term calling it "priced for perfection." The next key event is the release of data on hemophilia candidate fitusiran ~July 10. Results from the Phase 3 APOLLO study supporting TTR candidate patisiran should be available in September.
  • Stifel's Annabel Samimy questions the size of fitusiran's market opportunity, adopting a "wait and see" attitude on "uncertainties" related to broader use.
  • Sell-siders have 9 Buy and 9 Hold ratings on the stock. Average price target is $76 (6% downside risk).
  • Source: Bloomberg First Word
  • Now read: Slim Margin Of Victory For Adcetris


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