Cantor Fitzgerald Lifts Bristol Myers (BMY) Price Target but Flags Weak Q1 Catalyst

Bristol-Myers Squibb Company (NYSE:BMY) is included among the 15 Blue Chip Stocks with Highest Dividends.

Cantor Fitzgerald Lifts Bristol Myers (BMY) Price Target but Flags Weak Q1 Catalyst

On April 8, Cantor Fitzgerald raised the firm’s price recommendation on Bristol-Myers Squibb Company (NYSE:BMY) to $54 from $45. It reiterated a Neutral rating on the shares. The firm said it does not expect the Q1 earnings season to “dramatically reinvigorate” the large-cap pharma sector. Cantor pointed instead to the second half of 2026, noting that catalysts tied to admilparant, milvexian and Cobenfy carry more weight than a “primarily legacy-driven beat” in Q1.

On March 31, Bristol Myers Squibb reported positive results from a late-stage study of its drug Camzyos in teenagers with obstructive hypertrophic cardiomyopathy. The study showed that Camzyos reduced pressure in the heart more than a placebo after 28 weeks. The improvement was both clinically meaningful and statistically significant.

The drug also showed benefits across several secondary measures, pointing to broader impact. Safety outcomes remained consistent between patients receiving Camzyos and those given a placebo. The results were presented at the American College of Cardiology Annual Scientific Session & Expo 2026 and published in The New England Journal of Medicine.

Bristol-Myers Squibb Company (NYSE:BMY) operates as a global biopharmaceutical company. It focuses on discovering, developing, and delivering medicines for serious diseases, including oncology, hematology, immunology, cardiovascular, and neuroscience.

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