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MLV & Co Reiterates Buy, $4.50 PT on ImmunoCellular Therapeutics on Move to NYSE

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Earnings Scheduled For August 22, 2016
There Have Been 20 Secondary Offerings Over The Last 2 Days

MLV & Co reiterates its Buy rating with a $4.50 price target on ImmunoCellular Therapeutics (NYSE: IMUC) as the company gets its listing on the NYSE starting next week.

MLV & Co comments, "We view this move as an affirmation of the company's commitment to growing their pipeline, and providing opportunities for their investors. The move also signals to us that the company is confident in its business model moving forward. ImmunoCellular operates on a cost-efficiency basis of collaboration and outsourcing of product development and clinical trial management."

IMUC closed at $2.82 on Thursday.

Latest Ratings for IMUC

DateFirmActionFromTo
Nov 2016Maxim GroupDowngradesBuyHold
Dec 2013McNicoll Lewis VlakDowngradesBuyHold
Dec 2013Roth CapitalDowngradesBuyNeutral

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Posted-In: MLV & CoAnalyst Color Price Target Reiteration Intraday Update Analyst Ratings

 

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