Biotech Stocks See Major Selling Pressure

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UPDATE: BMO Capital Upgrades Biogen (BIIB) to Outperform

March 6, 2014 6:38 AM EST

(Updated - March 6, 2014 12:10 PM EST)

BMO Capital upgraded Biogen (NASDAQ: BIIB) from Market Perform to Outperform with a price target of $422. Analyst Jim Birchenough, M.D. sees too many transformational opportunities to ignore.

The firm conducted an extensive pipeline review, and updated their financial model to reflect nearer-term opportunities for new product growth with ELOCTATE and... More