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Collegium Pharmaceutical price target raised to $48 from $45 at Truist

Truist analyst Les Sulewski raised the firm’s price target on Collegium Pharmaceutical (COLL) to $48 from $45 and keeps a Buy rating on the shares. The company is reaping rewards from solid back-to-school sales and marketing efforts, which pushed Jornay PM to record revenue, the analyst tells investors in a research note. The outperformance, along with another beat for the pain portfolio, prompted the management to once again raise 2025 guidance across the board, the firm added.

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