H.C. Wainwright lowered the firm’s price target on Neurocrine (NBIX) to $185 from $190 and keeps a Buy rating on the shares. FY25 Ingrezza revenue guidance for around 10% year-over-year growth compares to near 15% growth consensus around the midpoint, notes the analyst, who believes the “conservative” Ingrezza guidance can be due to competition pressure and from seasonal payer dynamics. However, Crenessity demonstrates “encouraging growth potential,” the analyst added.
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