Scotiabank Raises Bristol-Myers (BMY) PT to $60 Citing Catalyst-Rich 2026 Growth

6 days ago 4

Maham Fatima

Mon, January 12, 2026 astatine 9:12 AM CST 2 min read

Bristol-Myers Squibb Company (NYSE:BMY) is 1 of the cheap stocks to bargain for the adjacent 3 years. On January 9, Scotiabank expert Louise Chen raised the firm’s terms people connected Bristol-Myers to $60 from $53, portion maintaining a Sector Perform standing connected the shares. With the banal trading astatine an inexpensive valuation and respective cardinal milestones connected the horizon, the steadfast views the upcoming catalyst-rich twelvemonth arsenic a beardown buying opportunity.

In different news, connected December 11, the FDA granted Priority Review to Bristol-Myers Squibb Company’s (NYSE:BMY) supplemental exertion for Opdivo (nivolumab) combined with AVD chemotherapy. The imaginable caller frontline attraction is for big and pediatric patients (12+) with Stage III oregon IV classical Hodgkin Lymphoma. The people enactment date/PDUFA is acceptable for April 8, 2026.

Scotiabank Raises Bristol-Myers (BMY) PT to $60 Citing Catalyst-Rich 2026 Growth

The exertion is supported by the Phase 3 SWOG S1826 study, which showed that the Opdivo-AVD regimen importantly improved progression-free survival/PFS compared to the existent standard. At a 2.1-year median follow-up, the PFS complaint for the Opdivo limb was 92% versus 83% for the power group, with an adjacent much pronounced payment observed successful patients implicit property 60.

Bristol-Myers Squibb Company (NYSE:BMY) discovers, develops, licenses, manufactures, markets, distributes, and sells biopharmaceutical products worldwide.

While we admit the imaginable of BMY arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you’re looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

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Disclosure: None. This nonfiction is primitively published at Insider Monkey.