Stifel Maintains Buy on Biogen, Lowers Price Target to $287-Report Released on 13th December 2023
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst Paul Matteis has maintained a Buy rating on Biogen (NASDAQ:BIIB) but has reduced the price target from $315 to $287. The report was released on December 13, 2023.

December 14, 2023 | 2:09 pm
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Stifel analyst Paul Matteis maintains a Buy rating on Biogen but lowers the price target from $315 to $287.
While the reduction in the price target could suggest a more conservative outlook on Biogen's future performance, the maintenance of a Buy rating indicates that the analyst still sees positive potential in the stock. The mixed message may lead to a neutral short-term impact on the stock price as investors digest both the continued endorsement and the lowered expectations.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100