Biohaven Pharmaceutical Holding Co Ltd (BHVN) Receives “Overweight” Rating from Morgan Stanley
Morgan Stanley reiterated their overweight rating on shares of Biohaven Pharmaceutical Holding Co Ltd (NASDAQ:BHVN) in a research report sent to investors on Tuesday morning. The brokerage currently has a $38.00 target price on the stock, down from their previous target price of $47.00.
Several other research analysts have also recently weighed in on the stock. Needham & Company LLC lowered their price target 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 lowered shares of Biohaven Pharmaceutical Holding Co from a strong-buy rating to a buy rating in a report on Wednesday, September 20th. Piper Jaffray Companies restated 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 upgraded shares of Biohaven Pharmaceutical Holding Co from a sell rating to a hold rating in a research report on Friday, September 8th. One research analyst has rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of Buy and an average price target of $40.80.
Biohaven Pharmaceutical Holding Co (BHVN) traded down 1.63% on Tuesday, hitting $32.54. The stock had a trading volume of 81,689 shares. Biohaven Pharmaceutical Holding Co has a 12 month low of $17.00 and a 12 month high of $39.51. The stock’s market cap is $1.17 billion. The firm’s 50 day moving average price is $35.38 and its 200-day moving average price is $27.66.
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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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