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UPDATE: Oppenheimer Initiates Coverage on Neurocrine Biosciences on Potential Elagolix Success

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In a report published on Tuesday, Oppenheimer analyst David Ferreiro initiated coverage on Neurocrine Biosciences (NASDAQ: NBIX) with a rating of Outperform and a price target of $16.

In the report, Oppenheimer stated, "in the ph.III endometriosis results (1H14) and the ph.IIb fibroids results (2H14). Given these blockbuster opportunities, we envisage significant upside on positive outcomes. We view secondary asset, NBI-98854, for tardive dyskinesia (TD), as risky, but believe only modest value is baked in."

Neurocrine Biosciences closed on Monday at $12.72.

Latest Ratings for NBIX

DateFirmActionFromTo
Jun 2020Goldman SachsDowngradesBuyNeutral
Jun 2020JP MorganMaintainsOverweight
Jun 2020HC Wainwright & Co.MaintainsBuy

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Posted-In: David Ferreiro OppenheimerAnalyst Color Initiation Analyst Ratings

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