Alliance Global Partners lowered the firm’s price target on Cibus to $23.50 from $25 and keeps a Buy rating on the shares. The firm, which says it remains “bullish” on Cibus as it continues to anticipate the activation in the second half of 2024 of the Rapid Trait Development System for the soybean program, is adjusting its 18-month price target to reflect the increase in shares outstanding of about 3M from last week’s all-common deal.
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