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Ascendis Pharma price target raised to $242 from $230 at BofA

BofA analyst Tazeen Ahmad raised the firm’s price target on Ascendis Pharma (ASND) to $242 from $230 and keeps a Buy rating on the shares. The firm’s survey of 26 endocrinologists who treat HPT patients on Yorvipath indicates growing uptake in Q3, says the analyst, who is “encouraged” by the continued positive real-world outlook for Yorvipath usage and looks for updated commentary from the company on payor coverage and trending discontinuation rate on the earnings call.

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