Supernus undervalued after Indivior merger, says Bank of America
Published . Updated .
Key takeaways
- Bank of America has initiated coverage of Supernus Pharmaceuticals (NASDAQ:SUPN) with a 'buy' rating and a $47 price target, arguing that its merger with Indivior creates a larger business with stronger earnings potential.
- Exposed: XLF, KRE, BAC, JPM, WFC
- Market reaction: KRE +1.7% on the day; XLF +1.4% on the day; BAC +2.9% on the day
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Bank of America has initiated coverage of Supernus Pharmaceuticals (NASDAQ:SUPN) with a 'buy' rating and a $47 price target, arguing that its merger with Indivior creates a larger business with stronger earnings potential. The combined group has a broader portfolio of treatments
Directly affected
Indirectly affected
- XLF Financial Select Sector SPDR+0.5% 30d
Financial Select Sector SPDR: it holds banks. Linked by “bank” (banks) in this story.
- KRE SPDR S&P Regional Banking ETF-0.8% 30d
SPDR S&P Regional Banking ETF: it holds banks. Linked by “bank” (banks) in this story.
- XLV Health Care Select Sector SPDR
Health Care Select Sector SPDR: it holds drugmakers and health companies. Linked by “pharmaceutical” (pharma and health) in this story.
- JPM JPMorgan Chase+0.1% 30d
JPMorgan Chase (national commercial banks): banks' earnings move with lending, deposits and rates. Linked by “bank” (banks) in this story.
- WFC Wells Fargo+4.4% 30d
Wells Fargo (national commercial banks): banks' earnings move with lending, deposits and rates. Linked by “bank” (banks) in this story.
- C Citigroup-5.6% 30d
Citigroup (national commercial banks): banks' earnings move with lending, deposits and rates. Linked by “bank” (banks) in this story.
- BNY The Bank of New York Mellon-0.1% 30d
The Bank of New York Mellon (state commercial banks): banks' earnings move with lending, deposits and rates. Linked by “bank” (banks) in this story.
- LLY Eli Lilly and+14.3% 30d
Eli Lilly and (pharmaceutical preparations): drugmakers move with drug pricing, approvals and health policy. Linked by “pharmaceutical” (pharma and health) in this story.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| SUPN | +38.45% | +7.96% | base | +5.50% | after close | after close | after close |
| BAC | +0.30% | +4.48% | base | +2.87% | after close | after close | after close |
| XLF | +0.66% | +3.52% | base | +1.43% | after close | after close | after close |
| KRE | +2.10% | +2.66% | base | +1.68% | after close | after close | after close |
| XLV | -0.10% | +2.63% | base | +1.94% | after close | after close | after close |
| JPM | +1.86% | +5.31% | base | +2.46% | after close | after close | after close |
| WFC | +2.33% | +4.16% | base | +1.85% | after close | after close | after close |
| C | +3.38% | +4.76% | base | +2.43% | after close | after close | after close |
| BNY | +0.06% | +3.37% | base | +2.34% | after close | after close | after close |
| LLY | +4.21% | +4.67% | base | +4.25% | after close | after close | after close |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
Supernus undervalued after Indivior merger, says Bank of America Yahoo Finance UK
Source: Yahoo Finance
How far Select Sector Spdr Tr (XLF) has moved since 9 Nov 2026
| Company | When | Move | Status |
|---|---|---|---|
| Bank Of America (BAC) | that day | +2.87% | final price |
| Bank Of America (BAC) | three days earlier | +4.48% | final price |
| Bank Of America (BAC) | five days earlier | +0.30% | final price |
| BNY | that day | +2.34% | final price |
| BNY | three days earlier | +3.37% | final price |
| BNY | five days earlier | +0.06% | final price |
| Citigroup (C) | that day | +2.43% | final price |
| Citigroup (C) | three days earlier | +4.76% | final price |
| Citigroup (C) | five days earlier | +3.38% | final price |
| Jpmorgan Chase (JPM) | that day | +2.46% | final price |
| Jpmorgan Chase (JPM) | three days earlier | +5.31% | final price |
| Jpmorgan Chase (JPM) | five days earlier | +1.86% | final price |
| Spdr Series Trust (KRE) | that day | +1.68% | final price |
| Spdr Series Trust (KRE) | three days earlier | +2.66% | final price |
| Spdr Series Trust (KRE) | five days earlier | +2.10% | final price |
| LLY | that day | +4.25% | final price |
| LLY | three days earlier | +4.67% | final price |
| LLY | five days earlier | +4.21% | final price |
| SUPN | that day | +5.50% | final price |
| SUPN | three days earlier | +7.96% | final price |
| SUPN | five days earlier | +38.45% | final price |
| Wells Fargo (WFC) | that day | +1.85% | final price |
| Wells Fargo (WFC) | three days earlier | +4.16% | final price |
| Wells Fargo (WFC) | five days earlier | +2.33% | final price |
| Select Sector Spdr Tr (XLF) | that day | +1.43% | final price |
| Select Sector Spdr Tr (XLF) | three days earlier | +3.52% | final price |
| Select Sector Spdr Tr (XLF) | five days earlier | +0.66% | final price |
| XLV | that day | +1.94% | final price |
| XLV | three days earlier | +2.63% | final price |
| XLV | five days earlier | -0.10% | final price |
Congressional trades in the stocks in this story
- Rep. Rohit Khanna sold Bank Of America (BAC) (held by a spouse), worth $1,001 - $15,000 on 9 Sep 2026. That is 61 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Laurel Lee sold Bank Of America (BAC) (held by a spouse), worth $50,001 - $100,000 on 24 Aug 2026. That is 77 days before publication. Filed 16 Oct 2026. View the filing.
- Sen. Sheldon Whitehouse sold Jpmorgan Chase (JPM), worth $15,001 - $50,000 on 4 Sep 2026. That is 66 days before publication. Filed 1 Oct 2026. View the filing.
- Sen. Sheldon Whitehouse sold Jpmorgan Chase (JPM) (held by a spouse), worth $15,001 - $50,000 on 4 Sep 2026. That is 66 days before publication. Filed 1 Oct 2026. View the filing.
- Rep. Rohit Khanna bought Jpmorgan Chase (JPM) (held by a spouse), worth $100,001 - $250,000 on 27 Aug 2026. That is 74 days before publication. Filed 4 Sep 2026. View the filing.
- Rep. Rohit Khanna bought Wells Fargo (WFC) (held by a spouse), worth $1,001 - $15,000 on 25 Sep 2026. That is 45 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Rohit Khanna bought Wells Fargo (WFC) (held by a dependent child), worth $15,001 - $50,000 on 17 Sep 2026. That is 53 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Rohit Khanna bought Wells Fargo (WFC) (held by a dependent child), worth $1,001 - $15,000 on 15 Sep 2026. That is 55 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Maria Elvira Salazar sold Citigroup (C), worth $1,001 - $15,000 on 24 Sep 2026. That is 46 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Rohit Khanna bought Citigroup (C) (held by a spouse), worth $1,001 - $15,000 on 4 Sep 2026. That is 66 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Rohit Khanna bought Eli Lilly (LLY) (held by a spouse), worth $1,001 - $15,000 on 4 Sep 2026. That is 66 days before publication. Filed 7 Oct 2026. View the filing.
Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).
Who gains and who loses around Select Sector Spdr Tr (XLF)
Companies carried with this story
- XLF Select Sector Spdr Tr
For “Supernus undervalued after Indivior merger, says Bank of America,” Select Sector Spdr Tr (XLF) is linked, with no stored direction, medium confidence. Reason on file: Financial Select Sector SPDR: it holds banks. Linked by “bank” (banks) in this story
- KRE Spdr Series Trust
Spdr Series Trust (KRE) is linked, with no stored direction, medium confidence in the 9 Nov 2026 story “Supernus undervalued after Indivior merger, says Bank of America.” Reason on file: SPDR S&P Regional Banking ETF: it holds banks. Linked by “bank” (banks) in this story
- BAC Bank Of America
For “Supernus undervalued after Indivior merger, says Bank of America,” Bank Of America (BAC) is linked, with no stored direction, medium confidence. Reason on file: Bank of America (national commercial banks): banks' earnings move with lending, deposits and rates. Linked by “bank” (banks) in this story
- JPM Jpmorgan Chase
Jpmorgan Chase (JPM) is linked, with no stored direction, medium confidence in the 9 Nov 2026 story “Supernus undervalued after Indivior merger, says Bank of America.” Reason on file: JPMorgan Chase (national commercial banks): banks' earnings move with lending, deposits and rates. Linked by “bank” (banks) in this story
- WFC Wells Fargo
In “Supernus undervalued after Indivior merger, says Bank of America,” Wells Fargo (WFC) is linked, with no stored direction, medium confidence. Reason on file: Wells Fargo (national commercial banks): banks' earnings move with lending, deposits and rates. Linked by “bank” (banks) in this story
- C Citigroup
Citigroup (C) is linked, with no stored direction, medium confidence in the 9 Nov 2026 story “Supernus undervalued after Indivior merger, says Bank of America.” Reason on file: Citigroup (national commercial banks): banks' earnings move with lending, deposits and rates. Linked by “bank” (banks) in this story
Select Sector Spdr Tr (XLF)
On 9 Nov 2026, “Supernus undervalued after Indivior merger, says Bank of America” is the story that connects Select Sector Spdr Tr (XLF) to this story.
Select Sector Spdr Tr (XLF) is on the page because Financial Select Sector SPDR: it holds banks. Linked by “bank” (banks) in this story
Also listed, Spdr Series Trust (KRE): SPDR S&P Regional Banking ETF: it holds banks. Linked by “bank” (banks) in this story
The price range for Select Sector Spdr Tr (XLF), and the dates in the story
BAC traded between 49.17 and 54.92 across 20 sessions. The latest close on file is 49.66. KRE traded between 67.80 and 71.49 across 18 sessions. The latest close on file is 70.61. XLF traded between 52.82 and 56.02 across 16 sessions. The latest close on file is 55.07.
A simple score for Select Sector Spdr Tr (XLF)
54 out of 100
“Supernus undervalued after Indivior merger, says Bank of America” scores 54 out of 100. The score uses 2 sources, and 6 linked companies.