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Biotech / Medical : NPSP NPS Pharmaceutical

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From: tuck10/3/2013 12:42:58 PM
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From dav1234 of Ihub (thanks!), a thumbnail valuation from BofA:

>>BofA initiates NPS Pharmaceuticals at Buy, sees big upside
BofA starts NPS Pharmaceuticals (NPSP) at Buy.It looks like BofA is valuing Gattex (which is apparently seeing some off-label reimbursement of late) at around $23/share and Natpara (which may end up having higher peak sales than Gattex if you buy Leerink's thinking) at $20.Adding another $2 for royalties brings the price target to $45, representing a 35% premium to Wednesday's close.NPSP +1.4% premarket.<<

I figure the market bounces when a shutdown deal is reached, and NPS could go to the high $30s. I think I am going to set a sell target of $37. If reached, I would watch for a rebuy on a pullback, but might just move on to other things I am watching.

Cheers, Tuck
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