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Wednesday, May 1, 2019

Acadia price target raised to $35 from $30 at Piper Jaffray

Piper Jaffray analyst Danielle Brill raised her price target on Acadia to $35 and kept her Overweight rating after its better than expected Q1 sales of Nuplazid that was driven by “accelerated growth in new patient starts.” The analyst further cites the management’s increased FY19 Nuplazid midpoint sales guidance and also sees “significant unrealized value” for the company’s dementia related psychosis programs.

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