Bristol Myers (BMY) Gets a Buy Rating from BMO Capital
BMO Capital analyst Alex Arfaei maintained a Buy rating on Bristol Myers (BMY) today and set a price target of $60. The company’s shares opened today at $51.06.
According to TipRanks.com, Arfaei is a 5-star analyst with an average return of 8.5% and a 70.2% success rate. Arfaei covers the Healthcare sector, focusing on stocks such as Elanco Animal Health Inc, Merck & Company, and Eli Lilly & Co.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Bristol Myers with a $56.50 average price target.
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The company has a one-year high of $70.05 and a one-year low of $44.30. Currently, Bristol Myers has an average volume of 14.27M.
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Bristol-Myers Squibb Co. engages in the discovery, development, licensing, manufacture, marketing, distribution, and sale of biopharmaceutical products. It includes chemically-synthesized drugs or small molecules and products produced from biological processes called biologics. The company was founded in August 1933 and is headquartered in New York, NY.