JPMorgan analyst Anupam Rama added Neurocrine Biosciences to the firm’s Analyst Focus List, seeing 20% share upside on Ingrezza alone and "plenty of pipeline optionality" over the 12-18 months. Based on the firm’s model, the analyst values Ingrezza alone at $110-$115 per share. This value amounts to 20% upside in Neurocrine shares from current levels. The firm does not see Neurocrine’s pipeline opportunities being reflected in the shares. It keeps an Overweight rating on the name with a $126 price target.
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