Wolfe Research Starts Coverage on Neurocrine With Outperform, $160 Target
Wolfe Research has begun coverage of Neurocrine Biosciences with an Outperform rating and a $160 price objective. The firm projects Ingrezza to approach $3 billion in U.S. sales and sees Crenessity as a multi-hundred-million dollar opportunity in its first full year, while noting valuation metrics that suggest the stock may be trading below fair va…