Avid Bioservices Inc (CDMO)

[biopharm]

MLV kept this at $3.50 ? Hmmmm... seems like they are keeping it low for other preferred reasons.

Does not make sense at all. The times when MLV says $3.50 that was placed with some risk and no peek into the future. Now, many months later Peregrine continues to reduce risk and that should be reflected in the MLV price target.

I'm not going to predict what they should have stated, but its obvious that when a company such as Peregrine just expressed their combination potential of PS Targeting and MLV places $3.50 on the target is completely off and under the mark.