Indivior price target lowered to 1,400 GBp from 2,100 GBp at Stifel

Stifel analyst Christian Glennie lowered the firm’s price target on Indivior to 1,400 GBp from 2,100 GBp and keeps a Buy rating on the shares. The company’s second profit warning of 2024, confirming strengthening Brixadi competitive headwinds, prompts the firm to significantly reduce estimates once more and recognize that market confidence has been dented and will likely take time to recover, the analyst tells investors in a research note.