|From: blacksheep (Rep: 331)||Date: 05/19/2018 07:38|
|Forum: Advanced Media, Inc. - Msg #278||Thread #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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