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Stock impact report

BofA Upgrades Bristol-Myers Squibb (BMY) Stock to Buy from Neutral [Yahoo! Finance]

Bristol-Myers Squibb Company (BMY) 
Last bristol-myers squibb company earnings: 2/6 07:05 am Check Earnings Report
US:NYSE Investor Relations: bms.com/investors.html
Company Research Source: Yahoo! Finance
On December 15, BofA upgraded the company's stock to “Buy” from “Neutral” with a price objective of $61, an increase from $52, given the company's R&D pipeline, as reported by The Fly . As per the firm, 4-6 programs are expected to deliver key de-risking catalysts over the near term. It believes that the current weakness is a buying opportunity as conservative trough EPS offers a floor for the share price. Furthermore, the firm sees favorable risk/reward as Bristol-Myers Squibb Company (NYSE:BMY) approaches 2026 filled with catalysts. Multiple scenarios can place the company on a return to growth in 2029 and beyond. The firm applied a 10x P/E multiple to Bristol-Myers Squibb Company (NYSE:BMY)'s FY 2027 estimated EPS. This reflects an increase from the prior 8x multiple, which was applied to 2026 estimates. In a different update, on December 11, Bristol-Myers Squibb Company (NYSE:BMY) announced that the US FDA accepted and granted priority review to the supplemental Biologics Lice Show less Read more
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