H.C. Wainwright lowered the firm’s price target on Iovance Biotherapeutics (IOVA) to $9 from $20 and keeps a Buy rating on the shares ahead of the Q3 report on November 6. The firm believes Iovance “is squarely in the investor’s penalty box.” It remains positive on the shares but believes the company is in a “show-me” stage.
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