Piper Sandler downgrades Biogen, slashes PT by $177 amid transition challenges

By Yahoo! Finance   |   4 days ago
Piper Sandler downgrades Biogen, slashes PT by $177 amid transition challenges

Biogen Inc was downgraded by Piper Sandler due to challenges faced during a transition period. The brokerage lowered the price target, expressing concerns over revenue mix, Alzheimer's franchise, and headwinds in the multiple sclerosis portfolio. Tesla's stock dropped 4% after missing delivery expectations.

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