Mustang Bio (MBIO) Receives New Coverage from Analysts at CIBC

CIBC assumed coverage on shares of Mustang Bio (NASDAQ:MBIO) in a report published on Thursday morning. The brokerage issued an outperform rating and a $18.00 target price on the stock.

Separately, Oppenheimer started coverage on Mustang Bio in a report on Wednesday. They issued an outperform rating and a $18.00 target price for the company.

Mustang Bio (MBIO) traded up $0.51 during trading on Thursday, reaching $11.44. The company’s stock had a trading volume of 84,200 shares, compared to its average volume of 79,089. Mustang Bio has a 12 month low of $8.06 and a 12 month high of $13.35.

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About Mustang Bio

Mustang Bio, Inc is a clinical-stage biopharmaceutical company. The Company is focused on the development and commercialization of cancer immunotherapy products designed to utilize the power of the patient’s own immune system to eliminate cancer cells. It seeks to acquire rights to technologies by licensing or otherwise acquiring an ownership interest in the technologies, funding their research and development and eventually either out-licensing or bringing the technologies to market.

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