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Wells Fargo upgrades Voyager on ‘highly validating’ Novartis deal
The Fly

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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