Reata Pharmaceuticals

172.36

+0.0000

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Market Cap:6.57B

PE:-72.69

High:172.36

Open:172.36

Low:172.36

Close:172.36

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Bernstein starts Biogen at ‘market-perform,’ notes near term uncertainty

Investing.com

·

11 Feb

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The company’s fortunes have largely been tied to Alzheimer’s treatments, but the launch of Leqembi has underwhelmed expectations, with peak sales estimates cut by 40% in 2024.Bernstein believes Biogen is undervalued at less than 10 times price-to-earnings but sees no urgency to buy, noting that an inflection in the stock’s narrative is unlikely before 2026. 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