Morgan Stanley raised the firm’s price target on Ionis Pharmaceuticals (IONS) to $94 from $90 and keeps an Overweight rating on the shares after “another strong quarter” in Q3, highlighted by Tryngolza in FCS outperforming again and driving a third guidance raise for the year. The firm expects detailed SHTG data at the upcoming AHA meeting on November 8 to “further strengthen the profile,” the analyst tells investors.
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