HALISTER1: Indivior Falls; Citi Sees Shares Fairly Valued After Rally

Indivior Falls; Citi Sees Shares Fairly Valued After Rally

(Bloomberg) -- Indivior falls as much as 3.3%, most since July 5, Citi downgrades to neutral from buy, sees shares as fairly valued after recent strong performance
  • Raises PT to GBP2.80 vs GBP2.30, updates for recent FX moves
  • Says market expects low chance of earliest possible Suboxone generic in April 2017
  • Sees RBP-6000 data as key, expects it to be positive with timely launch for use extension in late 2017
DATA
  • Stock has risen 6.7% month-to-date vs a 0.3% rise in the Stoxx 600 Health Care index; is up 42.7% YTD vs a 5% fall in the SXDP index
  • Of 8 analyst ratings, 4 are buy, 4 hold, 0 sell, with an average PT of 268p, implying little upside
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
INDV LN (Indivior PLC)

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