Needham Maintains Buy on Biogen, Lowers Price Target to $285
Portfolio Pulse from Benzinga Newsdesk
Needham analyst Ami Fadia maintains a Buy rating on Biogen (NASDAQ:BIIB) but lowers the price target from $288 to $285.

August 05, 2024 | 10:12 am
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Needham analyst Ami Fadia maintains a Buy rating on Biogen but lowers the price target from $288 to $285.
The Buy rating suggests continued confidence in Biogen's performance, but the slight reduction in the price target indicates a minor adjustment in expectations. This is likely to have a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100