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Cibus price target lowered to $20 from $21 at Canaccord

Cibus price target lowered to $20 from $21 at Canaccord

Canaccord lowered the firm’s price target on Cibus to $20 from $21 and keeps a Buy rating on the shares. The firm adjusted its model to reflect the dilution effect of the revised share count following its capital raise of $12M through the sale of an additional 3M shares of stock.

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