Biogen (BIIB) Shares Fall as Guidance Comes In Below Consensus, Analyst Says Focus Remains on Aduhelm Coverage

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Go back to Biogen (BIIB) Shares Fall as Guidance Comes In Below Consensus, Analyst Says Focus Remains on Aduhelm Coverage

Biogen (BIIB) PT Lowered to $290 at Needham & Company

February 4, 2022 6:26 AM EST

Needham & Company analyst Ami Fadia lowered the price target on Biogen (NASDAQ: BIIB) to $290.00 (from $292.00) while maintaining a Buy rating.

The analyst commented, "BIIB pulled back ~2% following lower-than-expected 2022 guidance as we await visibility into Aduhelm's final coverage decision in April. Irrespective, it... More

Biogen (BIIB) PT Lowered to $304 at Stifel

February 3, 2022 11:12 AM EST

Stifel analyst Paul Matteis lowered the price target on Biogen (NASDAQ: BIIB) to $304.00 (from $344.00) while maintaining a Buy rating following earnings.

The analyst commented, "Biogen's 4Q21 earnings call was fundamentally a non-event, as few specifics were offered on whether there's a feasible... More

Guidance Presents Challenging Set Up for Biogen (BIIB) in 2022 - BMO Capital Markets

February 3, 2022 8:17 AM EST

BMO Capital analyst Evan David Seigerman reiterated an Outperform rating and $260.00 price target on Biogen (NASDAQ: BIIB), following the company's Q4 earnings report.

The analyst quotes: "Guidance represents a challenging set up for 2022with expenses still too high by our view, and not... More