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Biotech / Medical : Neurocrine Biosciences (NBIX) -- Ignore unavailable to you. Want to Upgrade?


To: Miljenko Zuanic who wrote (792)8/28/2001 8:44:59 AM
From: Jim Oravetz  Read Replies (1) | Respond to of 1834
 
FWIW:from the Briefing.com Short Stories(free) section:
Neurocrine Biosci (NBIX) 38.20: UBS Warburg upgrades to STRONG BUY from BUY and raises price target to $50 from $46; company-specific and overall industry trends provide a favorable backdrop for NBIX as we enter the second half of this year; believes investors will be increasingly focused on the biotech sector as we move into the fall conference season; upgrade based on the following two near-term catalysts: 1) firm believes NBIX will release positive Phase II results for NBI-34060, its lead compound for insomnia, during late-September; and, 2) thinks NBIX will announce a marketing partner for 34060 in late 2001 or early 2002 that will help validate the drug's commercial potential.

Jim