HSBC downgrades Biogen Inc. (BIIB) to reduce despite pipeline progress
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We recently compiled a list of 9 Most Undervalued Pharma Stocks to Buy Right Now. On December 10, TheFly reported that HSBC downgraded BIIB from Hold to Reduce, and lowered its price target to $143, citing concerns that BIIB’s reliance on royalty streams and challenges in its core business could weigh on future earnings and […]
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