That's unfortunate Cantor downgraded ADXS' price target to $5. Not sure what her target was before, but it must have been somewhere around the $20 since the low end of analysts' forecast according to Yahoo has been $18. Did you see her rationale for her new price target? Granted, the company's diluted shareholders by 20% in this last offering at an all time low price, but factoring that into a $20 price target moves it down to $16 (subtract 20% from $20). So why does she think the company is only worth $5 now? Did she reduce her revenue projections for AXAL because of the implied lower demand and more modest trial data since no BP has stepped up to pay ADXS in a deal yet?
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