Morgan Stanley raised the firm’s price target on Blueprint Medicines (BPMC) to $129 from $102 and keeps an Equal Weight rating on the shares. The key upside risk to the firm’s Equal Weight rating has played out with Sanofi’s (SNY) announced acquisition of Blueprint for $129 per share plus a non-tradeable CVR of up to $6 per share, the analyst tells investors in a research note.
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