BMO Capital Maintains Outperform on Biogen, Lowers Price Target to $336
Portfolio Pulse from richadhand@benzinga.com
BMO Capital analyst Evan Seigerman has maintained an 'Outperform' rating on Biogen (NASDAQ:BIIB) but lowered the price target from $347 to $336.

August 08, 2023 | 12:23 pm
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NEUTRAL IMPACT
Biogen's price target has been lowered by BMO Capital from $347 to $336, although the 'Outperform' rating is maintained.
The lowering of the price target by BMO Capital could potentially create a negative sentiment among investors, which might put downward pressure on the stock price. However, the maintained 'Outperform' rating indicates that the analyst still sees potential upside, which could counterbalance the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100