Supernus price target raised to $60 from $45 at TD Cowen

TD Cowen raised the firm’s price target on Supernus (SUPN) to $60 from $45 and keeps a Buy rating on the shares. The firm updated its model ahead of Q3 results. They said Onapgo’s initial adoption is exceeding expectations, and expect sales of $8MM in Q3 and $23MM for 2025 which could be potentially conservative. Qelbree adoption is progressing well, and raised its 2025 sales estimate to $310MM. Zurzuvae to add to solid ongoing launches.