UPDATE: Jefferies Raises PT on Verenium to Match BASF's Bid

In a report published Monday, Jefferies analyst Laurence Alexander reiterated a Hold rating on Verenium Corp. (NASDAQ: VRNM ), and raised the price target from $2.60 to $4.00. In the report, Jefferies noted, “We are raising our price target to match BASF's (BAS GR, Hold) bid of $4, which is