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HomeFinance NewsArgus Downgrades Biogen to Hold Due to Expected Profit Decline

Argus Downgrades Biogen to Hold Due to Expected Profit Decline

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Biogen, listed on NASDAQ under the ticker BIIB, has been downgraded by Argus from a Buy to a Hold rating. This decision is based on anticipated declines in profit per share by 2025. In February, Biogen projected its non-GAAP earnings per share for 2025 to be within the range of $15.25 to $16.25. The company also forecasted a mid-single-digit decrease in total revenue, attributing this decline to factors related to multiple sclerosis.

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