Biogen Inc

BIIB: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$995.00	Crkr	Wfgxzqngf

Biogen Shares Remain Undervalued Despite Our Lower $305 FVE

Karen Andersen

Jul 20, 2022

We're lowering our Biogen fair value estimate from $343 to $305, as despite the in-line performance for most of Biogen's portfolio in the second quarter, we're updating our model for recent news on generic and biosimilar competitive threats as well as the termination of three pipeline programs.

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