Piper Sandler lowered the firm’s price target on BioMarin to $125 from $128 and keeps an Overweight rating on the shares following the "solid" Q1 results. The firm says poor messaging regarding Roctavian "continues to cloud an otherwise compelling growth story." However, BioMarin’s fundamentals remain intact the stock should be bought on any weakness, the analyst tells investors in a research note.
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Published first on TheFly
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Read More on BMRN:
- BioMarin price target lowered to $120 from $125 at Guggenheim
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