Wells Fargo Upgrades Biogen to Overweight: Does the Alzheimer's Story Finally Have a Second Act? [Yahoo! Finance]
Piper Sandler Companies (PIPR)
Last piper sandler companies earnings: 5/1 08:04 am
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Source: Yahoo! Finance
in late-stage immunology and kidney pipeline programs as medium-term growth drivers beyond the company's declining Alzheimer's and MS franchises. Biogen's revenue diversification away from its struggling neurological franchises is now credible enough for Wall Street to assign meaningful upside, with the stock trading at a 12x forward P/E well below its trailing multiple and two Overweight upgrades in a week signaling conviction in the company's transformation. The analyst who called NVIDIA in 2010 just named his top 10 AI stocks. Get them here FREE Biogen NASDAQ:BIIB ) stock just earned a strong endorsement from Wells Fargo on Monday, as analyst Mohit Bansal upgraded the shares to Overweight from Equal Weight and raised his price target to $250 from $200. That's a $50 target increase, and the reasoning marks a meaningful shift in how at least one corner of Wall Street is reading Biogen's story. Wells Fargo is making a longer-term call, pointing to new medium-term growth driver
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PIPR
Earnings
- 2/6/26 - Beat
PIPR
Sec Filings
- 4/9/26 - Form DEFA14A
- 4/9/26 - Form DEFA14A
- 4/9/26 - Form DEF
- PIPR's page on the SEC website