In a report issued on February 17, Salim Syed from Mizuho Securities maintained a Hold rating on Biogen (BIIB), with a price target of $244.00. The company’s shares closed last Monday at $284.78.
According to TipRanks.com, Syed has 0 stars on 0-5 stars ranking scale with an average return of -3.0% and a 48.1% success rate. Syed covers the Healthcare sector, focusing on stocks such as Atara Biotherapeutics, Assembly Biosciences, and Unity Biotechnology.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Biogen with a $311.67 average price target, representing a 12.9% upside. In a report issued on February 5, DZ BANK AG also downgraded the stock to Hold with a $264.00 price target.
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The company has a one-year high of $363.92 and a one-year low of $223.25. Currently, Biogen has an average volume of 1.31M.
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Biogen, Inc. is a biopharmaceutical company, which engages in discovering, developing, and delivering therapies for neurological and neurodegenerative diseases. It offers TECFIDERA, AVONEX, PLEGRIDY, TYSABRI, ZINBRYTA, and FAMPYRA for the treatment of multiple sclerosis; SPINRAZA for the treatment of spinal muscular atrophy; and FUMADERM for the treatment of severe plaque psoriasis. The company was founded by Charles Weissmann, Heinz Schaller, Kenneth Murray, Walter Gilbert, and Phillip Allen Sharp in 1978 and is headquartered in Cambridge, MA.
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