Jefferies initiates AbCellera Biologics at Buy with $21 target
The Buy initiation and substantial stated target premium support a bullish view, though the target is an analyst estimate and no supporting thesis is provided.
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The Buy initiation and substantial stated target premium support a bullish view, though the target is an analyst estimate and no supporting thesis is provided.
What happened, with direct paths to the underlying reporting
Jefferies initiated coverage of ABCL at Buy with a $21 target, about 76% above the reported $11.94 price. This is a bullish analyst opinion, not a guaranteed return.
Target: $21
Posted price: $11.94
Analyst firm: Jefferies
Analyst: Roger Song
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