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Morgan Stanley positive on Cytokinetics ahead of earnings

Morgan Stanley keeps an Overweight rating and $60 price target on Cytokinetics with a “positive catalyst” call on the stock ahead of earnings. The firm expects positive Phase 3 data for aficamten by year-end as Bristol Myers’ (BMY) Camzyos drug with the same mechanism of action was approved and is on the market, the analyst tells investors in a research note.

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