BioMarin Pharma (BMRN) Tops Q3 EPS by 6c

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BioMarin (BMRN) PT Lifted to $87 at Jefferies Posts Q3

October 24, 2014 8:24 AM EDT

Jefferies analyst Eun Yang reiterated a Buy rating and boosted his price target on BioMarin Pharmaceutical Inc. (NASDAQ: BMRN) to $87.00 (from $84.00) following better-than-expected product sales.

Yang commented, "Better-than-expected 3Q products sales led to ~1-3% upside revision to FY14 revenue guidance (+28-29% y/y).... More