BofA analyst Jason Zemansky raised the firm’s price target on Insmed (INSM) to $96 from $92 and keeps a Buy rating on the shares. The firm’s positive thesis reflects a favorable view of the non-cystic fibrosis bronchiectasis opportunity ahead of the brensocatib PDUFA deadline of August 12, but it also argues that brensocatib’s optionality in inflammation and immunology “remains underappreciated as a source of long-term, sustained growth.”
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- Insmed price target raised to $110 from $105 at UBS
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