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Arvinas price target raised to $60 from $26 at Barclays

Barclays raised the firm’s price target on Arvinas to $60 from $26 and keeps an Overweight rating on the shares post the Q4 report. The analyst cites expanded development plans with the company’s ER degrader and adding in BCL6 degrader and LRRK2 degrader into the model for the target increase.

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