B of A Securities Maintains Buy on Bristol-Myers Squibb, Lowers Price Target to $68
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Geoff Meacham has maintained a Buy rating on Bristol-Myers Squibb (NYSE:BMY) but reduced the price target from $72 to $68.
December 27, 2023 | 10:50 am
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NEUTRAL IMPACT
B of A Securities analyst Geoff Meacham maintains a Buy rating on Bristol-Myers Squibb but lowers the price target to $68.
While the reduction in price target could suggest a slightly less optimistic outlook for Bristol-Myers Squibb's stock, the maintenance of a Buy rating indicates that B of A Securities still sees the company as a good investment. The impact on the stock price is likely to be neutral in the short term as the positive sentiment of the Buy rating may offset the negative sentiment from the lowered price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100