UBS analyst Trung Huynh raised the firm’s price target on Insmed (INSM) to $223 from $194 and keeps a Buy rating on the shares. Insmed posted an “impressive” launch update for Brinsupri, the analyst tells investors in a research note. At these levels, the stock is not pricing in much for pipeline upside from Chronic Rhinosinusitis without Nasal Polyps, hidradenitis suppurativa for brensocatib and Treprostinil Palmitil Inhalation Powder indications, UBS says.
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