JP Morgan Maintains Neutral Rating for BioNTech: Here's What You Need To Know

JP Morgan has decided to maintain its Neutral rating of BioNTech BNTX and lower its price target from $183.00 to $132.00.

Shares of BioNTech are trading down 0.68% over the last 24 hours, at $130.75 per share.

A move to $132.00 would account for a 0.96% increase from the current share price.

About BioNTech

BioNTech is a Germany-based biotechnology company that focuses on developing cancer therapeutics, including individualized immunotherapy, as well as vaccines for infectious diseases, including COVID-19. The company's oncology pipeline contains several classes of drugs, including mRNA-based drugs to encode antigens, neoantigens, cytokines, and antibodies; cell therapies; bispecific antibodies; and small-molecule immunomodulators. BioNTech is partnered with several large pharmaceutical companies, including Roche, Eli Lilly, Pfizer, Sanofi, and Genmab. Comirnaty (COVID-19 vaccine) is its first commercialized product.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.