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Cantor Fitzgerald lowers Bristol-Myers Squibb's target price to $55, despite beating earnings expectations.
Investment firm Cantor Fitzgerald maintained a "neutral" rating on Bristol-Myers Squibb (BMY), lowering the stock's target price to $55.00.
Bristol-Myers Squibb's recent quarter earnings of $1.67 per share exceeded analysts' expectations by $0.20.
The company's stock has a market cap of $99.60 billion and a consensus price target of $57.67.
Bristol-Myers Squibb offers treatments for diseases like cancer, heart conditions, and immunology.
The company also announced a quarterly dividend of $0.62, with a yield of 5.07%.
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Cantor Fitzgerald baja el precio objetivo de Bristol-Myers Squibb a $55, a pesar de superar las expectativas de ganancias.