Craig-Hallum analyst Chase Knickerbocker raised the firm’s price target on Avadel Pharmaceuticals to $18 from $16 and keeps a Buy rating on the shares. The firm is “encouraged” after Avadel’s analyst day and believes the commentary from KOLs, color on the commercial strategy, and the progress so far should further cement for investors that Lumryz will play a meaningful part in the narcolepsy market.
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