BMO Capital Reiterates Market Perform Rating on Biogen (BIIB)

BMO Capital analyst Evan Seigerman reiterated a Market Perform rating and $196.00 price target on Biogen (NASDAQ: BIIB).

The analyst comments "High-dose Spinraza approval and positive Ph 2 AMETHYST data in CLE both are likely to be positive drivers of BIIB shares Monday morning. Approval of high-dose Spinraza could start to stabilize (or even grow) the company's long-standing Spinraza product revenue, with follow on salanersen still in development. Positive AMETHYST Part A data shows clear efficacy in improving CLE patient symptoms with 22.5% of treated patients achieving CLASI-70 (5.7% on placebo) at week 16. Results read positively to Ph 3 data in the indication expected in mid-2027."

For an analyst ratings summary and ratings history on Biogen click here. For more ratings news on Biogen click here.

Shares of Biogen closed at $183.84 yesterday.

You May Also Be Interested In

• Baldwin Insurance (BWIN) PT Raised to $25 at BMO Capital
• Taysha Gene Therapies (TSHA) PT Raised to $14 at BMO Capital on Differentiation
• Ralliant Corp. (RAL) PT Raised to $85 at Morgan Stanley: 'organic pathway to sustained HSD into 2027'