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Insmed price target raised to $193 from $154 at TD Cowen

TD Cowen raised the firm’s price target on Insmed (INSM) to $193 from $154 and keeps a Buy rating on the shares. The firm noted the company presented its impressive Ph2 PAH data with TPIP as late breaker. EPs show TPIP improved hemodynamic parameters, suggesting favorable impacts on heart function and supports the pulmonary selectivity of TPIP.

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