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From: blacksheep (Rep: 331)Date: 05/19/2018 07:38
Forum: Advanced Media, Inc. - Msg #278Thread #674010326 (Rec: 0)
Piper Jaffray gets positive on CAR-T small cap, 12 target is 2X from current price

The analyst firm assumes coverage on this 'Busted IPO' with an Overweight rating along with a $12 price target. Jaffray's analyst provides the following 'color' behind his call

"Adverum has straightforward approaches to gene therapy that utilize well-validated mechanisms and improved vectors." Each of the company's programs have disruptive potential and target large $1B-plus global markets"

Last week, in the first analyst action in two months, Cowen & Co. reissued its own Buy rating on the firm.

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