BMO Capital Maintains Outperform on Biogen, Lowers Price Target to $230
Portfolio Pulse from Benzinga Newsdesk
BMO Capital analyst Evan Seigerman maintains an Outperform rating on Biogen (NASDAQ:BIIB) but lowers the price target from $260 to $230.
October 17, 2024 | 1:53 pm
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BMO Capital has maintained its Outperform rating on Biogen but has lowered the price target from $260 to $230, indicating a more cautious outlook.
The lowering of the price target suggests a more cautious outlook on Biogen's stock performance, which could lead to a short-term negative impact on the stock price. However, the maintained Outperform rating indicates continued confidence in the company's long-term prospects.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100