Indivior price target raised to $34 from $27 at Craig-Hallum

Craig-Hallum analyst Chase Knickerbocker raised the firm’s price target on Indivior (INDV) to $34 from $27 and keeps a Buy rating on the shares following progress on the company’s “Action Agenda” announced in an 8-K on Tuesday morning. The plan is focused on rightsizing the business, simplifying structure, and refocusing on the U.S. market with emphasis on Sublocade. Indivior made its first step with a meaningful headcount reduction and other cost saving measures, the firm says. Restructuring charges from these measures will mostly be recognized in Q3, $39M-$50M overall, of which $27M-$35M are cash. Craig-Hallum models these opex cuts driving materially higher adjusted EBITDA and EPS in his model in 2026. Indivior also announced a strategic alternatives process for both Opvee and its OUS business.