Jefferies Group recently announced the initiation of research coverage on Alnylam Pharmaceuticals and assigned a "Hold" rating to its stock.
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Meanwhile, the institution has set a target stock price of $330. This rating contrasts with the previous "buy" rating given by the institution, and the target price has also been significantly lowered from the previous high of $522 to $330. This adjustment reflects analysts' reassessment of the company's future prospects.
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