JPMorgan analyst Anupam Rama lowered the firm’s price target on Sarepta (SRPT) to $28 from $30 and keeps an Overweight rating on the shares. The firm continues to see a “valuation disconnect” between the share price and potential of Sarepta’s overall commercial franchise. However, JPMorgan acknowledges that a long-term view is needed for a constructive outlook on the stock.
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