B of A Securities Maintains Neutral on Biogen, Lowers Price Target to $260
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Geoff Meacham has maintained a Neutral rating on Biogen (NASDAQ:BIIB) and lowered the price target from $280 to $260.

April 12, 2024 | 12:00 pm
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NEUTRAL IMPACT
Biogen's price target was reduced from $280 to $260 by B of A Securities, while maintaining a Neutral rating.
The adjustment in price target by a major analyst like B of A Securities reflects a recalibration of expectations for Biogen's stock, potentially due to updated analysis of the company's financial health, market position, or future prospects. However, the maintenance of a Neutral rating suggests that the analyst sees neither significant upside nor downside risks in the near term, leading to a neutral impact on the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100