Arvinas Inc. (ARVN) PT Raised to $116 at BMO Capital

August 5, 2021 3:59 PM EDT
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Price: $96.48 +2.42%

Rating Summary:
    14 Buy, 0 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 7 | Down: 15 | New: 24
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BMO Capital analyst Matthew Luchini raised the price target on Arvinas Inc. (NASDAQ: ARVN) to $116.00 (from $111.00) while maintaining a Outperform rating.

The analyst commented, "We remain Outperform rated on ARVN following 2Q earnings and corporate update. Key data catalysts are on track with ARV-471 dose escalation update expected at SABCS (Dec 7-10) and ARV-110 full Phase 1 and interim Phase 2 ARDENT data in metastatic castration-resistant prostate cancer (mCRPC) also expected in 2H21. Overall we remain positive on ARVN shares keeping our focus on clinical execution ahead of key updates. We update our model for 2Q results, increasing our target to $116 from $111. Reiterate Outperform."

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