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Arvinas price target lowered to $60 from $63 at Wells Fargo

Wells Fargo lowered the firm’s price target on Arvinas to $60 from $63 and keeps an Overweight rating on the shares. The firm believes management reiterating timelines for vepdeg’s VERITAC-2’s second half of 2024 read out is a positive and potential for vepdeg combo data should abate fears about combinability.

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