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Wells Fargo upgrades Voyager on ‘highly validating’ Novartis deal

Wells Fargo analyst Yanan Zhu upgraded Voyager Therapeutics (VYGR) to Overweight from Equal Weight with a price target of $14, up from $9. The company’s expanded Novartis (NVS) deal is “highly validating” for Tracer, says the analyst, who sees a high likelihood of success in spinal muscular atrophy given Novartis’ expertise. The firm also likes the odds of Voyager’s Huntington’s disease program due to the company’s novel payloads

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