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BioMarin Pharmaceutical (NASDAQ:BMRN) & DNDN Have A “Buy” And “Hold” Rating, Respectively: Consensus View

Written by on September 23, 2013

On Friday, ARN reported that in a research note analysts at Wedbush reiterated its hold rating on BioMarin Pharmaceutical (NASDAQ:BMRN)’s stock. Currently, they have $88.00 price target on the stock. Wedbush’s price objective indicates a potential rise of 14.36% from the stock’s earlier close.

Recently, BioMarin Pharmaceutical (NASDAQ:BMRN)’s stock has been weighed by a number of other analysts. On Wednesday, in a research note to investors, analysts at RBC Capital maintained a “buy” rating on company’s shares. Now, they have a $77.00 price objective on the stock. Separately, on Wednesday, in a research note to investors, analysts at William Blair maintained a “hold” rating on company’s shares. Now, they have a $88.00 price objective on the stock. Finally, on Wednesday, in a research note to investors, analysts at Stifel Nicolaus downgraded the company’s stock from a “buy” to a “hold” rating. Now, they set a $70.00 price objective on the stock. Eight investment analysts have given a hold rating and thirteen have rated as buy. The company has an average rating of “Buy” and an average price objective of $72.68.

TheFlyOnTheWall.com reported that in a research note issued to investors on Wednesday, Maxim Group upgraded the Dendreon Corp. (NASDAQ:DNDN)’s shares to a hold rating from a sell rating. The analysts called the move a valuation call.

Recently, Dendreon Corp. (NASDAQ:DNDN)’s stock has been commented by a number of other analysts. On Tuesday, in a research note to investors, analysts at Needham & Company maintained a positive rating on company’s shares. Separately, in a research note to investors on Monday, September 9th, analysts at R. F. Lafferty started coverage on company’s shares. They set $8.00 price objective on the stock, rating it as a buy. Finally, in a research note to investors on Wednesday, August 28th, analysts at RBC Capital cut their price target on company’s shares from $5.00 to $3.00. Now, they set a sell rating on the stock. Nine research analysts have given a sell rating to the stock, eight have rated the stock as hold and four have issued a buy rating to the company’s stock.  Currently, the stock has an average rating of Hold and a consensus price objective of $5.02.

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