Jefferies analyst Kelly Shi raised the firm’s price target on PTC Therapeutics (PTCT) to $77 from $63 and keeps a Buy rating on the shares. After having surveyed 20 experienced and high-volume U.S.-based doctors for PKU to assess the current treatment algorithm and their enthusiasm and willingness to prescribe Sephience, the firm is raising its Sephience peak sales estimate on higher penetration expectations, the analyst tells investors.
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