Mizuho lowered the firm’s price target on Acadia Pharmaceuticals to $21 from $25 and keeps a Neutral rating on the shares. The company’s Q1 results were mixed as the bottom-line modestly beat, while the top line slightly missed, the analyst tells investors in a research note. The firm says investors will likely be disappointed by Q1 Daybue sales of $75.9M, which modestly missed consensus’ lower reset expectation of $79.0M.
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