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CDMO

Avid Bioservices

$3.35

-0.05 (-1.47%)

07:08
04/09/18
04/09
07:08
04/09/18
07:08

Avid Bioservices a 'compelling' opportunity for investors, says First Analysis

First Analysis analyst Steven Schwartz reiterated an Overweight rating on Avid Biosciences following an in-depth discussion with CEO Roger Lias, which provided additional insights and an update on progress since their January meeting. In a research note to investors, Schwartz, who has a $4 price target on the stock, says that though Avid will likely see minimal revenue growth in the next two years, it is a "compelling" opportunity for investors with a longer-term investment horizon to start evaluating and building a position at attractive valuations.

CDMO Avid Bioservices
$3.35

-0.05 (-1.47%)

03/13/18
FANA
03/13/18
INITIATION
Target $4
FANA
Overweight
Avid Bioservices initiated with an Overweight at First Analysis
First Analysis analyst Steven Schwartz started Avid Bioservices with an Overweight rating and $4 price target. The analyst views the company as a "compelling opportunity for investors with a longer-term investment horizon." He views current valuation levels as attractive and sees revenue growth rates eventually exceeding 10% with faster profit growth driven by scale efficiencies.
03/14/18
03/14/18
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. AMC Networks (AMCX) initiated with a Sector Perform at RBC Capital. 2. Avid Bioservices (CDMO) initiated with an Overweight at First Analysis. 3. Tyler Technologies (TYL) initiated with an Outperform at Baird. 4. R1 RCM (RCM) initiated with an Overweight at Cantor Fitzgerald. 5. RadNet (RDNT) initiated with a Strong Buy at Raymond James. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
03/15/18
WELS
03/15/18
INITIATION
Target $3.5
WELS
Outperform
Avid Bioservices initiated with an Outperform at Wells Fargo
Wells Fargo analyst Tim Evans started coverage of Avid Bioservices with an Outperform rating and $3.50 price target as he believes the company has the capacity to quadruple its revenue base with modest additional capital investment and move its EBITDA margin to an industry level.
03/15/18
03/15/18
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Radian Group (RDN) initiated with a Neutral at Macquarie. 2. Cheniere Energy (LNG) initiated with a Buy at BofA/Merrill. 3. Avid Bioservices (CDMO) initiated with an Outperform at Wells Fargo. 4. Quintana Energy Services (QES) initiated with an Overweight at Capital One. 5. II-VI (IIVI) initiated with a Buy at DA Davidson. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

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Home Depot

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SCVL

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KMB

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MCF

Contango Oil & Gas

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SPY

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AMAT

Applied Materials

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1.34 (3.99%)

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AMAT

Applied Materials

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HLTH

Nobilis Health

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  • 29

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MOR

MorphoSys

$27.56

0.09 (0.33%)

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NSA

National Storage

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CYTK

Cytokinetics

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AMAT

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HIG

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  • 16

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KMG

KMG Chemicals

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MSFT

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CVNA

Carvana

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2.5 (5.51%)

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B

Barnes Group

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TOL

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  • 05

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AAPL

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AAPL

Apple

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