CORRECTION: Stephens & Co. Reiterates Overweight on Avid Bioservices, Lowers Price Target to $20 - Price Target Updated
Portfolio Pulse from Benzinga Newsdesk
Stephens & Co. analyst Jacob Johnson reiterated an Overweight rating on Avid Bioservices (NASDAQ:CDMO) and lowered the price target from $24 to $20.

June 22, 2023 | 12:15 pm
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Stephens & Co. analyst reiterates Overweight rating on Avid Bioservices (NASDAQ:CDMO) and lowers price target from $24 to $20.
The news indicates that Stephens & Co. still has a positive outlook on Avid Bioservices, maintaining an Overweight rating. However, the lowered price target from $24 to $20 may cause some short-term uncertainty among investors, but overall, the impact on the stock price is expected to be neutral.
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