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Friday, May 24, 2019

Acceleron initiated at Citi

Citi assumes Acceleron at Buy, sees ‘significant’ upside potential. Citi analyst Yigal Nochomovitz assumed coverage of Acceleron Pharma with a Buy rating and boosted his price target for the shares to $66 from $63. The analyst sees potential for “significant” share upside over the next 12-18 months with lead drug Luspatercept launching in early 2020, catalysts from Luspatercept expansion and an evolving pipeline.

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