Barclays analyst Peter Lawson lowered the firm’s price target on Arvinas to $26 from $39 and keeps an Overweight rating on the shares. The analyst is encouraged by the efficacy data for the company’s second generation AR degrader ARV-766 and is awaiting durability data. The firm removed the company’s first generation AR degrader bavdeg from its model given the de-prioritization.
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Read More on ARVN:
- Wedbush upgrades Arvinas to Outperform on potential of ARV-766
- Arvinas price target lowered to $55 from $70 at Piper Sandler
- Arvinas upgraded to Outperform from Neutral at Wedbush
- Arvinas presents interim data from Phase 1/2 clinical trial for bavdegalutamide
- Potential of Arvinas’ PROTAC® AR Degraders Reinforced by 11.1 months rPFS with Bavdegalutamide and Updated Positive Interim Data from Second Generation ARV-766 in mCRPC
