RBC Capital Maintains Outperform on Avid Bioservices, Lowers Price Target to $17
Portfolio Pulse from richadhand@benzinga.com
RBC Capital analyst Sean Dodge maintains an Outperform rating on Avid Bioservices (NASDAQ:CDMO) but lowers the price target from $20 to $17.

June 22, 2023 | 12:42 pm
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NEUTRAL IMPACT
RBC Capital maintains an Outperform rating on Avid Bioservices (NASDAQ:CDMO) but lowers the price target from $20 to $17.
The news of RBC Capital maintaining an Outperform rating on Avid Bioservices is positive for the company. However, the lowering of the price target from $20 to $17 may create some uncertainty among investors, leading to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100