(ABM UN) Jefferies has increased the price target for UCB from EUR 185.00 to EUR 212.00 while maintaining the buy recommendation. This emerged on Wednesday from a report by the American investment bank.
Jefferies analysts believe that the pipeline has not yet been correctly reflected in the share price.
The investment bank today raised the forecast for Bimzelx’s peak turnover to 7.2 billion euros, compared to 6.1 billion euros previously. That 7.2 billion euros is 27 percent above the consensus.
The US launch of Bimzelx has exceeded expectations, Jefferies explained.
“Bimzelx will accelerate in all areas in 2025,” thinks analyst Brian Balchin.
On the Brussels stock exchange, UCB shares closed at 179.45 euros on Tuesday.
Door: ABM Financial News.
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ABM Financial News is a supplier of stock market news, video and data, both for real-time trading platforms and dealing rooms and for online and offline media publications. The information in this article is not intended as professional investment advice or as a recommendation to make certain investments.
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