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Rhythm Pharmaceuticals (RYTM) Gets a Hold Rating from Morgan Stanley

In a report released today, Jeffrey Hung from Morgan Stanley maintained a Hold rating on Rhythm Pharmaceuticals (RYTMResearch Report), with a price target of $8.00. The company’s shares closed last Friday at $8.95.

According to TipRanks.com, Hung is a 5-star analyst with an average return of 23.5% and a 56.7% success rate. Hung covers the Healthcare sector, focusing on stocks such as Biohaven Pharmaceutical Holding Co, Ultragenyx Pharmaceutical, and ACADIA Pharmaceuticals.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Rhythm Pharmaceuticals with a $15.50 average price target, implying an 89.7% upside from current levels. In a report issued on July 12, Goldman Sachs also maintained a Hold rating on the stock with a $6.00 price target.

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Rhythm Pharmaceuticals’ market cap is currently $405.7M and has a P/E ratio of -2.65.

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Rhythm Pharmaceuticals, Inc. develops and commercializes peptide therapeutics for the treatment of gastrointestinal diseases and genetic deficiencies. It focuses on the treatment for Prader-Willi Syndrome and Pro-Opiomelanocortin deficiency obesity. The firm rapidly develops setmelanotide for rare genetic disorders of obesity caused by MC4 pathway deficiencies and provides advance setmelanotide for POMC deficiency obesity and LEPR deficiency obesity as first indications in upstream MC4 pathway deficiencies. The company was founded by Bart Henderson in February 2010 and is headquartered in Boston, MA.

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