RBC Capital Maintains Outperform on Biogen, Lowers Price Target to $364
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Brian Abrahams maintains an Outperform rating on Biogen (NASDAQ:BIIB) but lowers the price target from $379 to $364.

February 14, 2024 | 2:45 pm
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RBC Capital analyst Brian Abrahams maintains an Outperform rating on Biogen but lowers the price target from $379 to $364.
The adjustment in price target by RBC Capital, while maintaining an Outperform rating, suggests a continued positive outlook on Biogen but with a slightly moderated growth expectation. This could lead to a neutral short-term impact on the stock as the market digests the revised target amidst ongoing optimism.
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IMPORTANCE 75
RELEVANCE 100