RBC Capital Maintains Sector Perform on Neurocrine Biosciences, Lowers Price Target to $121
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Brian Abrahams has maintained a 'Sector Perform' rating on Neurocrine Biosciences (NASDAQ:NBIX) but has lowered the price target from $128 to $121.
November 10, 2023 | 7:20 pm
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RBC Capital has maintained a 'Sector Perform' rating on Neurocrine Biosciences but reduced the price target from $128 to $121, indicating a potential limited upside or downside.
The maintenance of a 'Sector Perform' rating suggests that RBC Capital does not foresee significant changes in Neurocrine Biosciences' stock performance relative to the sector. However, the reduction in the price target could imply a slightly more cautious outlook on the company's valuation, potentially leading to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100