RBC Capital Maintains Outperform on Biogen, Lowers Price Target to $374
Portfolio Pulse from richadhand@benzinga.com
RBC Capital analyst Brian Abrahams has maintained an 'Outperform' rating on Biogen (NASDAQ:BIIB) but lowered the price target from $379 to $374.

July 31, 2023 | 2:18 pm
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NEUTRAL IMPACT
Biogen's price target has been lowered from $379 to $374 by RBC Capital, though the 'Outperform' rating is maintained.
The news is directly about Biogen and is likely to influence investor sentiment. While the 'Outperform' rating is maintained, the lowering of the price target might create some uncertainty. However, as the change is relatively small, the overall impact is expected to be neutral in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100