JP Morgan Maintains Neutral Rating for Cerevel Therapeutics Hldg: Here's What You Need To Know

Cerevel Therapeutics Holdings +0.17%

Cerevel Therapeutics Holdings

CERE

42.21

+0.17%

JP Morgan has decided to maintain its Neutral rating of Cerevel Therapeutics Hldg (NASDAQ:CERE) and raise its price target from $25.00 to $45.00.

Shares of Cerevel Therapeutics Hldg are trading up 0.47% over the last 24 hours, at $42.50 per share.

A move to $45.00 would account for a 5.88% increase from the current share price.

About Cerevel Therapeutics Hldg

Cerevel Therapeutics Holdings Inc is dedicated to unraveling the mysteries of the brain to treat neuroscience diseases. The company is tackling neuroscience diseases with a differentiated approach that combines expertise in neurocircuitry with a focus on receptor selectivity. It has a diversified pipeline comprising five clinical-stage investigational therapies and several preclinical compounds with the potential to treat a range of neuroscience diseases, including schizophrenia, epilepsy, Parkinson's disease and substance use disorder. Cerevel Therapeutics is advancing its current research and development programs while exploring new modalities through internal research efforts, external collaborations or potential acquisitions.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.

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