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Denali Therapeutics upgraded to Buy from Hold at Stifel

Stifel upgraded Denali Therapeutics (DNLI) to Buy from Hold with a $37 price target Denali recently aligned with the FDA to file for accelerated approval for their lead candidate DLN310/tividenofusp alfa in MPS IIA/Hunter syndrome with a BLA submission expected early-2025, which “represents a major win,” the analyst tells investors. Though the firm thinks DNL310 should get approved, there are “still a number of outstanding questions,” the analyst added.

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