
Shares of drug developer Esperion Therapeutics ESPR.O gain 1.4% to $3.22 premarket
Piper Sandler initiates with "overweight" rating, sets PT at $9, among the highest on Wall Street
Says company's bempedoic acid franchise (Nexletol and Nexlizet) for hypercholesterolemia and cardiovascular disease risk well-positioned for sales expansion
A broad label, evolving clinical practice guidelines, and wide payer access are supporting factors; risk/reward profile attractive - Piper Sandler
Brokerage also expects peak U.S. sales to exceed $650 million, complemented by a notable ex-U.S. royalty stream
Out of 8 analysts that cover stock, six rate "strong buy" or "buy", one rates "hold" and one "sell" - data compiled by LSEG
ESPR stock up about 44% YTD, till last close