Wells Fargo raised the firm’s price target on Axsome Therapeutics (AXSM) to $160 from $140 and keeps an Overweight rating on the shares. The firm likes the setup for 2025 with Auvelity IP overhang lifted and clearer visibility into a 2nd act with Symbravo approval and good AXS-05 data in Alzheimer’s disease agitation. Wells sees upside over the year with commercial performance and solriamfetol readouts.
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