Stifel Maintains Buy on Biomarin Pharmaceutical, Lowers Price Target to $87
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst Paul Matteis maintains a Buy rating on Biomarin Pharmaceutical but lowers the price target from $115 to $87.
September 17, 2024 | 12:03 pm
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Stifel analyst Paul Matteis continues to recommend buying Biomarin Pharmaceutical stock but has reduced the price target from $115 to $87, indicating a more cautious outlook.
The maintained Buy rating suggests continued confidence in Biomarin's prospects, but the lowered price target reflects a more conservative valuation, possibly due to market conditions or company-specific factors. This mixed signal may result in neutral short-term price movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100