RBC Capital raised the firm’s price target on Insmed (INSM) to $106 from $99 and keeps an Outperform rating on the shares. The company’s pulmonary arterial hypertension – PAH – data came in as a “home-run” scenario, with PVR – pulmonary vascular resistance – and 6MWD – six-minute walk distance coming in above even the firm’s bullish outlook as well as markedly above key competitors, the analyst tells investors in a research note.
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Read More on INSM:
- Insmed price target raised to $102 from $90 at Morgan Stanley
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- Buy Rating on Insmed Driven by Promising Phase 2 Results and Strategic Phase 3 Approach for PAH Treatment
- Insmed price target raised to $109 from $94 at BofA
- Insmed price target raised to $120 from $90 at H.C. Wainwright