Neurocrine Biosciences (NBIX): Reiterate Top Mid Cap Pick - BMO
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Rating Summary:
25 Buy, 8 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 13
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BMO Capital analyst, Ian Somaiya, reiterated his Outperform rating on shares of Neurocrine Bio. (NASDAQ: NBIX) after the company released abstracts for the American Society of Reproductive Medicine conference (October 15-19).
The analyst stated that the abstracts reinforce elagolix's strong efficacy profile in women with endometriosis, showing significant improvements on endometrial-associated pain, endometrial morphology, and quality of life observed on treatment. He believes the data continues to support approval for elagolix’s low- and high-doses, and his $1.0B peak sales estimate in endometriosis, with an additional blockbuster opportunity in uterine fibroids ($2.7B peak sales).
No change to the price target of $66.
For an analyst ratings summary and ratings history on Neurocrine Bio. click here. For more ratings news on Neurocrine Bio. click here.
Shares of Neurocrine Bio. closed at $54.16 yesterday.
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