Why we’re lowering our Bristol Myers price target despite an earnings beat, guidance raise

Why we’re lowering our Bristol Myers price target despite an earnings beat, guidance raise


The logo of the pharmaceutical company Bristol-Myers Squibb, (BMS) is seen on the facade of the company’s Munich headquarters on August 29, 2024 in Munich (Bavaria). 

Matthias Balk | Picture Alliance | Getty Images

Bristol Myers Squibb‘s earnings beat and rosy outlook Thursday did not resolve lingering issues for the stock. But it was enough, for now.



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