Biogen (BIIB) Gets a Hold Rating from J.P. Morgan

By Jason Carr

J.P. Morgan analyst Cory Kasimov maintained a Hold rating on Biogen (BIIBResearch Report) today. The company’s shares closed last Monday at $278.59.

According to TipRanks.com, Kasimov is a 4-star analyst with an average return of 6.7% and a 46.3% success rate. Kasimov covers the Healthcare sector, focusing on stocks such as Ultragenyx Pharmaceutical, Global Blood Therapeutics, and Alexion Pharmaceuticals.

Biogen has an analyst consensus of Moderate Buy, with a price target consensus of $304.80, a 5.8% upside from current levels. In a report issued on January 23, Credit Suisse also reiterated a Hold rating on the stock with a $300.00 price target.

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The company has a one-year high of $338.87 and a one-year low of $215.78. Currently, Biogen has an average volume of 1.57M.

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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.