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Acadia Pharmaceuticals price target lowered to $29 from $31 at BofA

BofA lowered the firm’s price target on Acadia Pharmaceuticals (ACAD) to $29 from $31 and keeps a Neutral rating on the shares. The firm maintains its FY26 Daybue sales estimate of $470M, given that the recent $460M-$490M sales guidance did not assume an EU approval, but cites other model changes for its revised target.

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