GW Pharmaceuticals Shares Jump Following Price Target Raise

In a note released Monday morning, Piper Jaffray made a big raise to the price target of GW Pharmaceuticals GWPH from $97 to $147, citing the potential of GW's Epidiolex to treat epilepsy.

The analysts at Piper Jaffray say that the unique safety/CNS profile make the drug an attractive way to treat epilepsy.

Additionally, the analysts noted that they do not believe INSYS Therapeutics will be able to compete on price.

Following the note, shares of GW Pharmaceuticals are up over six percent in the pre-market.