Market Overview

UPDATE: Jefferies Raises PT on Verenium to Match BASF's Bid

Related VRNM
Benzinga's Top #PreMarket Losers
Benzinga's Weekly M&A Chatter

In a report published Monday, Jefferies analyst Laurence Alexander reiterated a Hold rating on Verenium Corp. (NASDAQ: VRNM), and raised the price target from $2.60 to $4.00.

In the report, Jefferies noted, “We are raising our price target to match BASF's (BAS GR, Hold) bid of $4, which is expected to close in Q4. We view a counter-offer as highly unlikely. We reiterate our Hold rating.”

Verenium Corp. closed on Friday at $3.98.

Latest Ratings for VRNM

Sep 2013JefferiesMaintainsHold
Nov 2012JefferiesMaintainsHold
Mar 2012JefferiesMaintainsHold

View More Analyst Ratings for VRNM
View the Latest Analyst Ratings

Posted-In: Jefferies Laurence AlexanderAnalyst Color Price Target Analyst Ratings


Related Articles (VRNM)

View Comments and Join the Discussion!