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BioNTech’s Potential COVID-19 Vaccine Is Already Priced In, Says JPMorgan [Yahoo! Finance News]

Pfizer, Inc. (PFE) 
Last pfizer, inc. earnings: 4/28 06:45 am Check Earnings Report
Some biotech stocks have been on fire during these COVID-19 driven times. Hardly a surprise, as these companies are at the forefront of finding a solution to the pandemic and bringing viable treatments, vaccines or adequate tests to market. Case in point: Vaccine maker BioN BNTXYet, despite liking the company’s vaccine program, Project Lightspeed, JPMorgan’sCory KasimovKasimov said, “We continue to view BNTX as a potentially disruptive company with access to multiple next gen platforms especially within the field of oncology), but at this point we hesitate to assign more COVID-19 related value beyond what the market has already applied via platform validation/sentiment boost and uncertain economics).”Kasimov reiterates a Neutral rating on BioN shares along with a $33 price target, which implies 33% downside from current levels. To watch Kasimov’s track record,click hereDespite remaining on the sidelines, Kasimov applauds BioN’s “well thought out strategy that casts a wide net.”The com Show less Read more
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