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Biotech / Medical : Analysts and calls -- US Bancorp Piper Jaffray

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To: scaram(o)uche who started this subject6/27/2003 4:28:55 PM
From: Icebrg  Read Replies (1) of 22
 
Neurocrine Biosciences initiated with "outperform"

Updated Friday, June 27, 2003 2:12:13 PM ET
US Bancorp Piper Jaffray

NEW YORK, June 27 (New Ratings) — Analyst Thomas Wei of US Bancorp Piper Jaffray initiates coverage of Neurocrine Biosciences, Inc (NBIX) with an "outperform" rating. The target price is set to $66.

In a research note published this afternoon, the analyst mentions that Neurocrine Biosciences has reported impressive clinical data for the initial trial phases of its insomnia product, Indiplon. US Bancorp Piper Jaffray expects Neurocrine to emerge as a leading large-cap biotechnology company in the next three years.

[Stock opened at 52.24 and fell 99 cents during the day].
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