Biohaven Pharmaceutical Holding Co Ltd (BHVN) Receives Overweight Rating from Morgan Stanley
Biohaven Pharmaceutical Holding Co Ltd (NASDAQ:BHVN)‘s stock had its “overweight” rating restated by stock analysts at Morgan Stanley in a research note issued on Tuesday, MarketBeat reports. They currently have a $38.00 target price on the stock, down from their prior target price of $47.00. Morgan Stanley’s price target points to a potential upside of 14.87% from the stock’s previous close.
A number of other equities research analysts also recently commented on BHVN. Needham & Company LLC dropped their price objective on shares of Biohaven Pharmaceutical Holding Co from $43.00 to $36.00 and set a “buy” rating on the stock in a research report on Tuesday. BidaskClub raised shares of Biohaven Pharmaceutical Holding Co from a “buy” rating to a “strong-buy” rating in a research report on Thursday, September 28th. Piper Jaffray Companies reaffirmed a “buy” rating and set a $54.00 price objective on shares of Biohaven Pharmaceutical Holding Co in a research report on Tuesday, September 12th. Finally, Zacks Investment Research raised shares of Biohaven Pharmaceutical Holding Co from a “sell” rating to a “hold” rating in a research report on Friday, September 8th. One investment analyst has rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $40.80.
Biohaven Pharmaceutical Holding Co (BHVN) traded down 6.97% during mid-day trading on Tuesday, hitting $33.08. The stock had a trading volume of 642,391 shares. Biohaven Pharmaceutical Holding Co has a 52-week low of $17.00 and a 52-week high of $39.51. The firm has a 50-day moving average of $35.38 and a 200-day moving average of $27.66. The stock’s market cap is $1.19 billion.
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About Biohaven Pharmaceutical Holding Co
Biohaven Pharmaceutical Holding Company Ltd. is a United States-based biopharmaceutical company. The Company is engaged in the identification and development of clinical-stage compounds targeting orphan neurologic indications and other neurological pathways. It has a portfolio of multiple late-stage drug candidates.
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