UBS Downgrades Biogen to Neutral, Announces $276 Price Target
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Colin Bristow downgraded Biogen (NASDAQ:BIIB) from Buy to Neutral and set a price target of $276.

January 24, 2024 | 11:40 am
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
UBS downgraded Biogen from Buy to Neutral, potentially reducing investor optimism and limiting stock upside.
Analyst downgrades typically lead to a negative perception among investors, which can result in a short-term decline in the stock price. The new price target of $276 provides a reference point for the market but does not imply significant upside from current levels.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100