UBS raised the firm’s price target on Karuna Therapeutics (KRTX) to $330 from $197 and keeps a Neutral rating on the shares. The price target increase is in line with Bristol-Myers’ (BMY) offer price for Karuna. The firm notes that the FDA has not yet requested an AdCom for KarXT, and UBS is not concerned on KarXT’s approvability, the analyst tells investors in a research note.
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