Barclays Maintains Equal-Weight on Biogen, Lowers Price Target to $200
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Carter Gould maintains an Equal-Weight rating on Biogen (NASDAQ:BIIB) and lowers the price target from $215 to $200.
April 25, 2024 | 6:02 pm
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Barclays maintains an Equal-Weight rating on Biogen and lowers the price target from $215 to $200.
The reduction in price target by Barclays, a major financial institution, could lead to a negative short-term sentiment among investors, potentially causing a decrease in Biogen's stock price. The Equal-Weight rating suggests that the analyst views the stock as fairly valued at its current price, but the lowered price target indicates a revision of the stock's future valuation, which might be interpreted negatively by the market.
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IMPORTANCE 80
RELEVANCE 100