JPMorgan Chase & Co. raised its price target for Royalty Pharma (NASDAQ:RPRX) to $62.00, a potential upside of 8.70% from the current stock price.
The brokerage currently has an 'overweight' rating on the biopharmaceutical company's stock.
Several other firms have also increased their price targets for Royalty Pharma in recent weeks, including Citigroup and Goldman Sachs Group.
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