Inspire Medical rises after BofA upgrades to 'buy' from 'neutral'
** Shares of medical device maker Inspire Medical Systems INSP.N rise 5.4% to $185.49
** BofA Global Research upgrades stock to "buy" from "neutral", citing co has "turned the corner on profitability" with two straight quarters of positive margins and durable cost control
** INSP makes of non-invasive devices for patients with a common sleeping disorder, which works by stimulating the nerve that controls tongue muscles
** Brokerage also raises price objective on INSP from $220 to $255, representing premium of 44.8% to stock's last close
** Doctors expect INSP devices will continue to hold 84% market share even if rival devices from LivaNova LIVN.O and Nyxoah NYXH.BR are approved, brokerage says
** BofA says INSP has "good visibility in 2025 growth" and can achieve estimates of $950 mln in 2025 revenue
** 14 of 19 brokerages rate stock "buy" or higher and 5 "hold"; their median PT is $251 - LSEG data
** As of last close, stock down 13.5% YTD
Reporting by Kamal Choudhury in Bengaluru
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