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J.P. Morgan Sticks to Their Hold Rating for Regeneron (REGN)


J.P. Morgan analyst Cory Kasimov maintained a Hold rating on Regeneron (REGN) yesterday. The company’s shares closed yesterday at $396.63, close to its 52-week high of $416.49.

According to TipRanks.com, Kasimov is a 1-star analyst with an average return of -0.4% and a 38.3% success rate. Kasimov covers the Healthcare sector, focusing on stocks such as ACADIA Pharmaceuticals Inc, Allogene Therapeutics Inc, and Jounce Therapeutics Inc.

Currently, the analyst consensus on Regeneron is a Moderate Buy with an average price target of $416.08, a 4.9% upside from current levels. In a report released yesterday, Cowen & Co. also maintained a Hold rating on the stock with a $385 price target.

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Based on Regeneron’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $595 million. In comparison, last year the company had a net profit of $174 million.

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Regeneron Pharmaceuticals, Inc. engages in the discovery, invention, development, manufacture, and commercialization of medicines for the treatment of serious diseases. It products include the following brands: EYLEA, Dupixent, Praluent, Kevzara, ARCALYST, and ZALTRAP. The company was founded by Alferd G. Gilman, Leonard S. Schleifer, and Eric M. Shooter on January 8, 1988 and is headquartered in Tarrytown, NY.

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