Argenx price target raised, named best idea for 2024 at TD Cowen

TD Cowen raised the firm’s price target on Argenx to $641 from $612 and keeps an Outperform rating on the shares, which the analyst named as a “best idea for 2024.” The firm expects pivotal data in PV will be positive and drive shares up 15%-20%, adding that success in PV would read through to BP. The firm also sees “multiple underappreciated FY24 readouts in expansion indications,” the analyst tells investors.