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UPDATE: Stifel Nicolaus Upgrades BioMarin Pharmaceutical on Catalysts

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Expect A Pair Of Drug Approvals From BioMarin In 2017; Stock Remains Pricey
Your Guide To 2017's Emerging Pharmaceuticals Catalysts
The Vetr community has downgraded $BMRN to 4-Stars (Vetr)

Stifel Nicolaus upgraded BioMarin Pharmaceutical Inc. (NASDAQ: BMRN) from Hold to Buy and announced a $67.00 price target.

Stifel Nicolaus commented, "We believe anticipation around a YE13 GALNS launch provides a tangible floor in valuation near-term and are increasingly comfortable with PEG-PAL-associated value longer-term. While acknowledging visibility into BMN-701 expansion cohort data remains limited, we believe the pipeline provides multiple additional sources of optionality to drive upside in FY13. We believe the company represents an attractive acquisition candidate near-term while also being one of the few (if any) names that seemingly has a sustainable pathway in place to independently achieve large-cap status longer-term."

BioMarin Pharmaceutical closed at $54.08 on Friday.

Latest Ratings for BMRN

DateFirmActionFromTo
Feb 2017Morgan StanleyInitiates Coverage OnOverweight
Jan 2017Credit SuisseAssumesOutperformOutperform
Nov 2016BarclaysDowngradesOverweightEqual-Weight

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Posted-In: Stifel NicolausAnalyst Color Upgrades Intraday Update Analyst Ratings

 

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