NeuroDerm (NDRM): Hiking PT 43% After Management Meeting - Jefferies

September 6, 2016 8:57 AM EDT
Get Alerts NDRM Hot Sheet
Price: $23.40 -0.85%

Rating Summary:
    5 Buy, 0 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 13 | Down: 22 | New: 54
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Jefferies analyst, Peter Welford, reiterated his Buy rating on shares of Neuroderm Ltd (NASDAQ: NDRM) and raised his price target to $40 from $28. The analyst met management in Israel and gained confidence in the commercial potential of ND0612L/H, raising his WW peak sales to $1.75bn from $1.3bn. He is keeping a conservative 40% probability of a 2019E launch however.

On a side note, the analyst believes Sunovion's recent acquisition of peer Cynapsus illustrates the appetite for assets in Parkinson's.

For an analyst ratings summary and ratings history on Neuroderm Ltd click here. For more ratings news on Neuroderm Ltd click here.

Shares of Neuroderm Ltd closed at $16.08 yesterday.

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