H.C. Wainwright analyst Emily Bodnar raised the firm’s price target on Novocure to $22 from $21 and keeps a Buy rating on the shares. The analyst cites lower expenses for 2024 post the company’s Q4 report for the target bump. The firm is expecting Optune revenue growth in 2024 driven by improving fundamentals. Headwinds from negotiations with German payers have also now been resolved, which will lead to 2024 growth, the analyst tells investors in a research note.
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