InvestorsKeyhole Morning News Leader

Goldman Sachs adds Biogen to Conviction Buy List

Biogen Inc. (BIIB) is up 1.4% Wednesday morning. The stock was already rated a “buy” at Goldman Sachs, but the research firm added it to its Conviction Buy List. Goldman has a $338 price target on the stock.

Biogen Inc. (BIIB) is a biotech company.

Urban Outfitters, Inc. (URBN) and Target Corporation (TGT) top the list of other companies with positive news today, while Chicago Bridge & Iron Company N.V. (CBI) and Teva Pharmaceutical Industries Limited (TEVA) top the list of companies with negative news.

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BIIB
About Biogen Inc.

Biogen and Idec merged in 2003, combining forces to market Biogen's multiple sclerosis drug Avonex and Idec's cancer drug Rituxan. Today, Rituxan and next-generation antibody Gazyva are marketed via a collaboration with Roche. Biogen also markets novel MS drugs Tysabri and Tecfidera. In Japan, Biogen's MS portfolio is co-promoted by Eisai. Hemophilia therapies Eloctate and Alprolix (partnered with SOBI) were spun off as part of Bioverativ in 2017. Biogen has several drug candidates in phase 3 trials in neurology and neurodegenerative diseases and has launched Spinraza with partner Ionis.

  • Last Price:
    $226.06
  • Previous Close:
    $225.76
  • Change:
    $0.30 (0.13%)
  • Open:
    $225.41
  • Volume:
    1,824,862
  • Average Volume (100 Day):
    1,527,659
  • Market Capitalization:
    $41.7 B
  • Day's Range:
    $225.16 - $228.33
  • Dividend Yield:
    0.00%
  • 52-week Range:
    $344 - $215.77
  • P-E:
    8.20
  • EPS:
    $26.90
  • Earnings Date:
    10/22/19
  • Ex Dividend Date:
    N/A
  • Sector:
    Healthcare
  • Industry:
    Drug Manufacturers - Major
  • Analyst Average Recommendation:
    Hold

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