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Analysts Offer Insights on Healthcare Companies: Legend Biotech (LEGN), IGM Biosciences (IGMS) and Elanco Animal Health (ELAN)

Analysts have been eager to weigh in on the Healthcare sector with new ratings on Legend Biotech (LEGNResearch Report), IGM Biosciences (IGMSResearch Report) and Elanco Animal Health (ELANResearch Report).

Legend Biotech (LEGN)

J.P. Morgan analyst Jessica Fye maintained a Buy rating on Legend Biotech on May 7 and set a price target of $79.00. The company’s shares closed last Wednesday at $45.72, close to its 52-week low of $42.08.

According to TipRanks.com, Fye is a 4-star analyst with an average return of 5.0% and a 50.0% success rate. Fye covers the Healthcare sector, focusing on stocks such as Crinetics Pharmaceuticals, Deciphera Pharmaceuticals, and BioMarin Pharmaceutical.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Legend Biotech with a $86.00 average price target, implying an 88.1% upside from current levels. In a report issued on April 23, H.C. Wainwright also reiterated a Buy rating on the stock with a $87.00 price target.

See today’s best-performing stocks on TipRanks >>

IGM Biosciences (IGMS)

In a report released today, Eric Joseph from J.P. Morgan maintained a Hold rating on IGM Biosciences, with a price target of $11.00. The company’s shares closed last Wednesday at $9.34.

According to TipRanks.com, Joseph is a 3-star analyst with an average return of 3.5% and a 49.1% success rate. Joseph covers the Healthcare sector, focusing on stocks such as Monte Rosa Therapeutics, Rocket Pharmaceuticals, and Prime Medicine, Inc.

IGM Biosciences has an analyst consensus of Moderate Buy, with a price target consensus of $20.50.

Elanco Animal Health (ELAN)

J.P. Morgan analyst Chris Schott maintained a Hold rating on Elanco Animal Health today and set a price target of $16.00. The company’s shares closed last Wednesday at $16.89, close to its 52-week high of $17.23.

According to TipRanks.com, Schott is a 3-star analyst with an average return of 1.3% and a 50.8% success rate. Schott covers the Healthcare sector, focusing on stocks such as Bristol-Myers Squibb, Teva Pharmaceutical, and Johnson & Johnson.

Elanco Animal Health has an analyst consensus of Moderate Buy, with a price target consensus of $18.29.

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