Morgan Stanley double-upgrades Biogen and says the stock can surge another 30%
got a rare double upgrade on Monday from Morgan Stanley, which boosted its rating on the company to overweight from underweight citing compelling long-term risk versus reward.
He continued: "However, we expect investors to quickly look past the Tecfidera downside and start to price in higher odds of success for aducanumab, Biogen's investigational drug which is the first potential disease-modifying therapy for Alzheimer's disease.
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