BofA raised the firm’s price target on Insmed (INSM) to $187 from $142 and keeps a Buy rating on the shares. After updating the firm’s model to include a 2030 launch of Insmed’s pro-drug TPIP and “modestly raising” its Brinsupri forecasts, BofA now forecasts 2030 adjusted total revenues of $7.8B, versus the Visible Alpha consensus of $6.0B, the analyst tells investors.
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