UBS Maintains Neutral on BioNTech, Raises Price Target to $131
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Eliana Merle maintains a Neutral rating on BioNTech (NASDAQ:BNTX) but raises the price target from $97 to $131.
September 18, 2024 | 1:14 pm
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UBS analyst Eliana Merle maintains a Neutral rating on BioNTech but raises the price target from $97 to $131, indicating a more optimistic outlook.
The increase in the price target from $97 to $131 suggests a more positive outlook on BioNTech's future performance, which could lead to a short-term positive impact on the stock price. However, the Neutral rating indicates that UBS does not expect significant outperformance relative to the market.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100