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Regeneron Pharmaceuticals (NASDAQ:REGN) Lowered to "Hold" Rating by Wall Street Zen
Wall Street Zen has downgraded Regeneron Pharmaceuticals (NASDAQ:REGN) from a “buy” to a “hold” rating, despite the company’s recent earnings beat and an average analyst target price of $802.27 indicating a “Moderate Buy” consensus. Several other analysts have recently raised their price targets for REGN. The biopharmaceutical company recently reported strong quarterly earnings, surpassing analyst estimates for both EPS and revenue, but has also seen insider stock sales totaling over $4.14 million in the last 90 days.