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Cerus (CERS) +8.2% premarket after reporting a Q4 EPS loss of $0.16 vs. consensus estimate loss...

Cerus (CERS) +8.2% premarket after reporting a Q4 EPS loss of $0.16 vs. consensus estimate loss of $0.09, and revenue of $10.4M vs. consensus $8.2M. Baird upgrades shares to Outperform from Neutral and raises its target price to $6 from $3, saying that while 2012 guidance is conservative, market dynamics are such that guidance should be a "lay-up."
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