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Analyst coverage and positive outlook can drive investor interest. Similar to past initiations which positively influenced stock prices.
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Oppenheimer initiated coverage on Larimar Therapeutics LRMR. Nomlabofusp targets frataxin deficiency in Friedreich’s ataxia. 60% chance of accelerated approval is assumed by analysts. Oppenheimer set a price target of $26 for LRMR. Potential global revenues of $1.2 billion estimated by 2030.
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