Morgan Joseph Reiterates a 'Buy' on BioMarin Pharmaceutical (BMRN)
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Morgan Joseph reiterates a 'Buy' rating on BioMarin Pharmaceutical (Nasdaq: BMRN), price target $20.
Morgan analyst says, "Although the possibility of additional acquisitions could prevent near-term outperformance, our long-term thesis remains unchanged: We expect BioMarin's top line, driven by four growing drugs, to improve margins over the next few years. We believe that BioMarin will be able to generate one additional drug during the next 5 years to drive the company's margins towards the
average of profitable biotechs."
To see more analyst ratings on BMRN Click Here.
BioMarin Pharmaceutical Inc. develops and commercializes biopharmaceuticals for serious diseases and medical conditions.
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