BioMarin Pharmaceutical shares are trading higher after the company reported better-than-expected Q2 financial results. Also, Evercore ISI Group maintained an Outperform rating on the stock and raised its price target from $113 to $115.
Portfolio Pulse from Benzinga Newsdesk
BioMarin Pharmaceutical shares are trading higher after the company reported better-than-expected Q2 financial results. Evercore ISI Group maintained an Outperform rating on the stock and raised its price target from $113 to $115.
August 06, 2024 | 2:43 pm
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BioMarin Pharmaceutical shares are trading higher due to better-than-expected Q2 financial results. Evercore ISI Group maintained an Outperform rating and raised its price target from $113 to $115.
The better-than-expected Q2 financial results indicate strong performance, which is likely to boost investor confidence. Additionally, the maintained Outperform rating and increased price target from a reputable analyst firm further support a positive short-term outlook for the stock.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100