Biogen (BIIB) Receives a Buy from TD Cowen
TD Cowen analyst Phil Nadeau maintained a Buy rating on Biogen (BIIB – Research Report) today and set a price target of $175.00. The company's shares closed today at $133.06.
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Nadeau covers the Healthcare sector, focusing on stocks such as Biogen, BioMarin Pharmaceutical, and Kura Oncology. According to TipRanks, Nadeau has an average return of 2.6% and a 42.41% success rate on recommended stocks.
In addition to TD Cowen, Biogen also received a Buy from William Blair's Myles Minter in a report issued today. However, on the same day, Stifel Nicolaus reiterated a Hold rating on Biogen (NASDAQ: BIIB).
BIIB market cap is currently $19.85B and has a P/E ratio of 13.38.
Based on the recent corporate insider activity of 38 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of BIIB in relation to earlier this year. Last month, Caroline Dorsa, a Director at BIIB bought 1,235.00 shares for a total of $151,559.20.
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