BMO Capital Initiates Coverage On BridgeBio Pharma with Market Perform Rating, Announces Price Target of $37
Portfolio Pulse from Benzinga Newsdesk
BMO Capital analyst Kostas Biliouris has initiated coverage on BridgeBio Pharma (NASDAQ:BBIO) with a Market Perform rating and set a price target of $37.
January 31, 2024 | 11:02 am
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NEUTRAL IMPACT
BMO Capital has initiated coverage on BridgeBio Pharma with a Market Perform rating and a price target of $37.
The initiation of coverage by BMO Capital with a Market Perform rating suggests a neutral outlook on the stock, indicating that the analyst believes the stock will perform in line with the sector or overall market. The price target of $37 provides a reference point for investors but does not imply significant upside or downside, hence the neutral score. The relevance is 100 as the news is directly about BBIO. The importance is set at 75 because analyst ratings can influence investor perception and stock price, but it is not as impactful as earnings reports or major corporate events. The confidence level is at 90, reflecting the typical influence of analyst coverage on stock performance, though market conditions and other factors can also affect the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100