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Stock impact report

Analysts Lower Ultragenyx (RARE) Target but Stay Bullish [Yahoo! Finance]

Ultragenyx Pharmaceutical Inc. (RARE) 
Last ultragenyx pharmaceutical inc. earnings: 2/13 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.ultragenyx.com/investor-relations
Company Research Source: Yahoo! Finance
Wainwright reduced its price target on Ultragenyx Pharmaceutical Inc. (NASDAQ:RARE) from $80 to $60 but kept its Buy rating on the stock. The reduced price target still represents a significant upside from the current price. This update comes after the company announced that its two pivotal trials for setrusumab in osteogenesis imperfecta (OI), Cosmic and Orbit, did not achieve statistical significance against the primary endpoints. H.C. Wainwright highlighted that while setrusumab was previously seen as an important value driver for Ultragenyx Pharmaceutical Inc. (NASDAQ:RARE), the stock had already been trading at attractive levels before the results of these trials. This indicates that the stock price did not appear to reflect a meaningful contribution from this asset. The research firm noted that Ultragenyx Pharmaceutical Inc. (NASDAQ:RARE) is a diversified, commercial-stage company that has multiple approved products generating revenue and a pipeline of clinical-stage assets. Show less Read more
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