As previously reported, Guggenheim downgraded Acadia Pharmaceuticals (ACAD) to Neutral from Buy with a price target of $20, down from $23. The firm, which views Acadia as fairly valued at current levels due to “the lack of significant pipeline catalysts for 2025,” also lowered its peak sales estimate for Daybue to $730M from $830M.
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Read More on ACAD:
- Acadia Pharmaceuticals downgraded to Neutral from Buy at Guggenheim
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