Guggenheim analyst Michael Schmidt raised the firm’s price target on BeOne Medicines (ONC) to $420 from $410 and keeps a Buy rating on the shares after the company reported a topline beat in Q1 accompanied by a raise of 2026 guidance. The firm is updating its model to reflect Q1 results and guidance, calling BeOne its mid-cap top pick.
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Read More on ONC:
- BeOne Medicines reports Q1 adjusted EPS $3.24 vs. $1.22 last year
- BeOne Medicines raises FY26 revenue view to $6.3B-$6.5B from $6.2B-$6.4B
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