BioMarin price target lowered to $89 from $91 at Canaccord

Canaccord analyst Whitney Ijem lowered the firm’s price target on BioMarin to $89 from $91 and keeps a Hold rating on the shares. The firm noted investor focus remains on the bigger announcements/greater clarity that is expected at the company’s September investor day rahter than the day’s headline surrounding Roctavian struggles and the company’s trimmed pipeline expenses.