Guggenheim Maintains Buy on BeiGene, Lowers Price Target to $345
Portfolio Pulse from Benzinga Newsdesk
Guggenheim analyst Michael Schmidt maintains a Buy rating on BeiGene (NASDAQ:BGNE) but lowers the price target from $350 to $345.

February 27, 2024 | 5:03 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Guggenheim maintains a Buy rating on BeiGene but lowers the price target from $350 to $345.
The adjustment in price target by Guggenheim reflects a slight change in valuation expectation for BeiGene, though the Buy rating indicates continued confidence in the company's prospects. This could lead to mixed reactions in the short term, as the market digests the minor adjustment in valuation alongside the reaffirmed positive outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100