BofA lowered the firm’s price target on Neurocrine (NBIX) to $179 from $184 and keeps a Buy rating on the shares after the company reported Q4 results and guided to “more measured” Ingrezza growth in 2025. While the firm takes a more conservative view and lowers its FY25 Ingrezza sales estimate to $2.58B, it maintains its positive long-term view, the analyst tells investors.
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- Neurocrine price target lowered to $163 from $172 at Canaccord
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- Neurocrine reports Q4 adjusted EPS $1.69, consensus $1.93
- Neurocrine sees FY25 Ingrezza net product sales $2.5B-$2.6B