RBC Capital analyst Leonid Timashev raised the firm’s price target on Insmed (INSM) to $215 from $139 and keeps an Outperform rating on the shares after its Q3 results. The firm is impressed by Brinsupri’s early commercial performance in bronchiectasis that handily beat expectations, and based on key opinion leader feedback and early signs, RBC remains confident that the trajectory is sustainable, the analyst tells investors in a research note.
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