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Oppenheimer Reiterates Buy for Abeona Therapeutics With $21 Target

Abeona Therapeutics logoAbeona Therapeutics
Sig1.28Sen+2.35Env0.00Soc0.00Gov-1.22

Oppenheimer reiterated a Buy rating for Abeona Therapeutics and set a $21.00 price target, while consensus remains a Moderate Buy with an average target of $20.50. The company reported $11.38 million quarterly revenue and a $20.19 million GAAP net loss for the quarter ended June 30, versus far higher results a year earlier. Insider activity shows more selling, including CFO Joseph Walter Vazzano selling 1,478 shares for $9,651.

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