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Blueprint Medicines initiated with a Buy at Jefferies

Blueprint Medicines initiated with a Buy at Jefferies

Jefferies analyst Michael Yee initiated coverage of Blueprint Medicines (BPMC) with a Buy rating and $135 price target The firm finds the stock “quite attractive,” especially on the recent pullback. The shares should rebound higher this year as Blueprint executes on the Ayvakit launch and beats numbers and raises guidance, the analyst tells investors in a research note. Jefferies thinks momentum for the launch will continue with growing numbers of diagnosed patients and increased utilization driven by greater physician and patient awareness.

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