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Neurocrine price target raised to $179 from $175 at Piper Sandler

Piper Sandler raised the firm’s price target on Neurocrine (NBIX) to $179 from $175 and keeps an Overweight rating on the shares. The firm notes Neurocrine reported Q3 diluted non-GAAP EPS of $2.17 on revenue of $794.9M, compared to Street estimates of $2.07 and $746.8M, respectively. What was particularly notable was the aggressive ramp of Crenessity, Piper adds.

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