Jefferies raises United Therapeutics stock price target on trial data
Jefferies has raised its price target for United Therapeutics Corp. (NASDAQ:UTHR) stock to $668 from $640, maintaining a Buy rating, following positive Phase 3 trial results for its drug ralinepag in treating pulmonary arterial hypertension. The trial demonstrated a 55% risk reduction in clinical worsening, performing well across patient subgroups and achieving statistical significance. Other firms like H.C. Wainwright, Leerink Partners, and TD Cowen have also increased their price targets and reiterated positive ratings, citing the promising trial data and growth outlook for the company's portfolio.
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