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Longboard price target raised to $80 from $60 at H.C. Wainwright

H.C. Wainwright raised the firm’s price target on Longboard Pharmaceuticals to $80 from $60 and keeps a Buy rating on the shares. The firm believes end-of-Phase 2 discussions with the FDA as well as an improved understanding and awareness of the developmental and epileptic encephalopathies have supported a broader program for the company.

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