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Scotiabank Sticks to Their Hold Rating for Regeneron (REGN)

Tipranks - Tipranks - Fri Apr 24, 6:50AM CDT

In a report released today, Louise Chen from Scotiabank maintained a Hold rating on Regeneron, with a price target of $770.00.

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According to TipRanks, Chen is a 4-star analyst with an average return of 3.8% and a 46.71% success rate. Chen covers the Healthcare sector, focusing on stocks such as Eli Lilly & Co, Merck & Company, and Gilead Sciences.

In addition to Scotiabank, Regeneron also received a Hold from Morgan Stanley’s Terence Flynn in a report issued on April 10. However, today, TD Cowen maintained a Buy rating on Regeneron (NASDAQ: REGN).

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Based on Regeneron’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $3.88 billion and a net profit of $844.6 million. In comparison, last year the company earned a revenue of $3.79 billion and had a net profit of $917.7 million

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