Morgan Stanley analyst Jeffrey Hung raised the firm’s price target on Neurocrine to $170 from $160 and keeps an Overweight rating on the shares. The firm is in line with consensus on Ingrezza net product sales, but believes Ingrezza sales for the quarter will be less impactful to Neurocrine shares given investor focus on upcoming NBI-1117568 Phase 2 topline results due in Q3, the analyst tells investors in a Biotechnology group preview.
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