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Bullish analyst initiation with substantial implied upside, tempered by the absence of supporting detail.
What happened, with direct paths to the underlying reporting
Morgan Stanley initiated coverage of ADRX at Overweight with a $32 target versus the posted price of $17.63, implying roughly 81% upside. Analyst targets are opinions, and the record provides no supporting rationale.
Target: $32
Posted price: $17.63
Analyst firm: Morgan Stanley
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