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BioNTech price target lowered to $94 from $116 at TD Cowen

TD Cowen lowered the firm’s price target on BioNTech (BNTX) to $94 from $116 and keeps a Hold rating on the shares. The firm said Q4 4 revenues beat, but FY26 revenues guidance down year-over-year as expected due to lower COVID sales, though modest OpEx guide speaks to disciplined spending.

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