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12:00 AM
Aug 24, 2015
 |  BioCentury  |  Analyst Picks & Changes

Analyst picks & changes

Analyst picks & changes

Analyst picks & changes
CompanyBankAnalystCoverageOpinionWk chg8/21 cls
Avalanche Biotechnologies Inc. (NASDAQ:AAVL)Chardan CapitalGbola AmusaUpgradeBuy (from neutral)6%$10.62
Amusa upgraded, saying the stock has "oversold below rational levels based on cash/share, technology value, and also M&A considerations." On Aug. 14, the stock dropped 28% after the company said it will not begin a Phase IIb trial this half of AVA-101 to treat wet age-related macular degeneration (AMD), as previously planned. Amusa said the news was consistent with his expectations, and believes the market reaction "may have been due to consensus...

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