Morgan Stanley raised the firm’s price target on Regeneron to $1,115 from $1,104 and keeps an Overweight rating on the shares. The firm refresh its model to add 2031-2033 estimates, noting that it has raised its view of the odds of success on Dupixent for COPD to 100% from 90% and models 2033 worldwide sales of $24.9B. Looking ahead for the stock, the firm calls out a number of catalysts, including Eylea conversion to high-dose, Dupixent for treatment of COPD, Fianlimab, bispecifics for cancer and the company’s obesity program.
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