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UPDATE: Morgan Stanley Initiates Alnylam Pharmaceuticals at Overweight on Market Leader Position


In a report published Tuesday, Morgan Stanley analyst David Friedman initiated coverage on Alnylam Pharmaceuticals (NASDAQ: ALNY) with an Overweight rating and $35.00 price target.

In the report, Morgan Stanley noted, “We view Alnylam as the leader in RNAi drug development. The components of this technology platform (i.e. drug delivery, drug composition, target selection) have progressed to the point where we have high confidence in the ability to move from a science-based company to a commercial one.”

Alnylam Pharmaceuticals closed on Monday at $30.87.

Latest Ratings for ALNY

Nov 2020Morgan StanleyMaintainsOverweight
Nov 2020SVB LeerinkMaintainsMarket Perform
Nov 2020SVB LeerinkMaintainsMarket Perform

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