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Initiation by RBC Capital can ignite investor interest, reminiscent of other firms that saw stock price increases post-coverage initiation from major banks, potentially increasing demand and valuations.
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RBC Capital Markets has started coverage on Rhythm Pharmaceuticals (RYTM), recognizing it as a leader in the rare genetic obesity market. This initiation is significant as it spotlights RYTM's potential growth in a niche market, which may drive investor interest and stock price momentum.
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