Needham Maintains Buy on Biogen, Lowers Price Target to $300
Portfolio Pulse from Benzinga Newsdesk
Needham analyst Ami Fadia maintains a Buy rating on Biogen (NASDAQ:BIIB) but lowers the price target from $305 to $300.
February 14, 2024 | 10:56 am
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Needham maintains a Buy rating on Biogen but lowers the price target from $305 to $300.
The adjustment in price target by Needham, while maintaining a Buy rating, suggests a slight recalibration of expectations rather than a fundamental shift in Biogen's outlook. This could lead to a neutral short-term impact on BIIB's stock price as the market digests the minor adjustment in valuation perspective.
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