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Analysts Offer Insights on Healthcare Companies: CVS Health (CVS), IGM Biosciences (IGMS) and Adverum Biotechnologies (ADVM)

There’s a lot to be optimistic about in the Healthcare sector as 3 analysts just weighed in on CVS Health (CVSResearch Report), IGM Biosciences (IGMSResearch Report) and Adverum Biotechnologies (ADVMResearch Report) with bullish sentiments.

CVS Health (CVS)

In a report issued on September 5, David S Macdonald from Truist Financial maintained a Buy rating on CVS Health, with a price target of $98.00. The company’s shares closed last Wednesday at $65.51, close to its 52-week low of $64.62.

According to TipRanks.com, Macdonald is a 5-star analyst with an average return of 11.3% and a 61.9% success rate. Macdonald covers the Healthcare sector, focusing on stocks such as Aveanna Healthcare Holdings, Pediatrix Medical Group, and Fresenius Medical Care.

CVS Health has an analyst consensus of Strong Buy, with a price target consensus of $93.58, which is a 43.1% upside from current levels. In a report issued on August 23, Bank of America Securities also maintained a Buy rating on the stock with a $93.00 price target.

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

IGM Biosciences (IGMS)

In a report issued on September 5, Asthika Goonewardene from Truist Financial maintained a Buy rating on IGM Biosciences, with a price target of $25.00. The company’s shares closed last Wednesday at $6.66.

According to TipRanks.com, Goonewardene has currently 0 stars on a ranking scale of 0-5 stars, with an average return of -17.3% and a 28.9% success rate. Goonewardene covers the Healthcare sector, focusing on stocks such as Iovance Biotherapeutics, Allogene Therapeutics, and Mersana Therapeutics.

Currently, the analyst consensus on IGM Biosciences is a Moderate Buy with an average price target of $18.88.

Adverum Biotechnologies (ADVM)

In a report issued on September 4, Joon Lee from Truist Financial maintained a Buy rating on Adverum Biotechnologies, with a price target of $6.00. The company’s shares closed last Wednesday at $1.76.

According to TipRanks.com, Lee is a 5-star analyst with an average return of 19.6% and a 46.1% success rate. Lee covers the Healthcare sector, focusing on stocks such as Ultragenyx Pharmaceutical, Crispr Therapeutics AG, and Intellia Therapeutics.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Adverum Biotechnologies with a $4.33 average price target.

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