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Rhythm Pharmaceuticals price target lowered to $110 from $125 at H.C. Wainwright

Tipranks - Tue Mar 3, 7:32AM CST

H.C. Wainwright lowered the firm’s price target on Rhythm Pharmaceuticals (RYTM) to $110 from $125 and keeps a Buy rating on the shares, reflecting adjustments to the firm’s long-term sales ramp expectations after Rhythm recently announced its Q4 results and announced additional positive data from its global Phase 3 TRANSCEND trial of setmelanotide in patients with acquired hypothalamic obesity.

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