Morgan Stanley Remains a Buy on RegenXBio (RGNX)

In a report released today, Vikram Purohit from Morgan Stanley maintained a Buy rating on RegenXBio (RGNXResearch Report), with a price target of $46.00. The company’s shares opened today at $34.88.

According to TipRanks, Purohit is an analyst with an average return of -17.6% and a 30.95% success rate. Purohit covers the Healthcare sector, focusing on stocks such as RegenXBio, Axsome Therapeutics, and Arcutis Biotherapeutics.

In addition to Morgan Stanley, RegenXBio also received a Buy from Berenberg Bank’s Caroline Palomeque in a report issued on August 4. However, on the same day, SVB Securities reiterated a Hold rating on RegenXBio (NASDAQ: RGNX).

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The company has a one-year high of $46.46 and a one-year low of $18.69. Currently, RegenXBio has an average volume of 422.6K.

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REGENXBIO, Inc. is a biotechnology company, which engages in the development, commercialization, and licensing of recombinant adeno-associated virus gene therapy. The company was founded by Kennth T. Mills and James M. Wilson on July 16, 2008 and is headquartered in Rockville, MD.

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