Stifel Maintains Buy on Biomarin Pharmaceutical, Lowers Price Target to $108
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst Paul Matteis maintains a 'Buy' rating on Biomarin Pharmaceutical (NASDAQ:BMRN) but lowers the price target from $118 to $108.

August 01, 2023 | 3:30 pm
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NEUTRAL IMPACT
Stifel maintains a 'Buy' rating on Biomarin Pharmaceutical but lowers the price target from $118 to $108.
The news is directly related to Biomarin Pharmaceutical. While the 'Buy' rating is maintained, the lowering of the price target might indicate a slower growth expectation. However, the impact on the stock price is uncertain in the short term as it depends on how investors interpret this information.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100