Biogen (BIIB) PT Lowered to $382 at SVB Leerink

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Cowen Downgrades Biogen (BIIB) to Market Perform

November 9, 2020 6:18 AM EST

Cowen analyst Phil Nadeau downgraded Biogen (NASDAQ: BIIB) from Outperform to Market Perform with a price target of $215.00 (from $275.00).

The analyst comments "The PCNSDAC's votes were a resounding and near unanimous rebuke of aducanumab, BIIB and the FDA. As FDA approval of... More