Oppenheimer raised the firm’s price target on Madrigal Pharmaceuticals to $375 from $320 and keeps an Outperform rating on the shares. The FDA’s accelerated approval of Rezdiffra represents a transformative moment in medical history with the first-ever available treatment for noncirrhotic non-alcoholic steatohepatitis, the analyst tells investors in a research note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on MDGL:
- Madrigal Pharmaceuticals’ Rezdiffra™ Wins Accelerated FDA Approval
- Madrigal Pharmaceuticals Announces FDA Approval of Rezdiffra™ (resmetirom) for the Treatment of Patients with Noncirrhotic Nonalcoholic Steatohepatitis (NASH) with Moderate to Advanced Liver Fibrosis
- Madrigal Pharmaceuticals price target raised to $405 from $275 at H.C. Wainwright
- Madrigal Pharmaceuticals price target raised to $338 from $336 at Canaccord
- Madrigal Pharmaceuticals Reports Inducement Grants under Nasdaq Listing Rule 5635(c)(4)
