UBS Maintains Neutral on Biogen, Lowers Price Target to $202
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Colin Bristow has maintained a Neutral rating on Biogen (NASDAQ:BIIB) but has lowered the price target from $234 to $202.
October 03, 2024 | 6:50 pm
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UBS analyst Colin Bristow has maintained a Neutral rating on Biogen but has lowered the price target from $234 to $202, indicating a less optimistic outlook.
The lowering of the price target by UBS suggests a less optimistic view on Biogen's future performance, which could lead to short-term downward pressure on the stock price. The Neutral rating indicates no strong buy or sell recommendation, but the reduced price target is a negative signal.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100