RBC Capital raised the firm’s price target on Neurocrine (NBIX) to $160 from $156 and keeps an Outperform rating on the shares after its Q3 earnings beat. The company’s Crenessity launch continues to impress, while Ingrezza came in ahead of expectations albeit with some pricing tradeoffs, the analyst tells investors in a research note. RBC adds that there could be some share volatility into the upcoming Austedo IRA announcement, but also notes that this presents a buying opportunity as the impact should be “manageable”.
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