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EF Hutton
SBEV: 2Q Results; Wholesale Wins Should Pave the Way For Continued Top-Line Acceleration
SUMMARY
Sponsored
LGVN: Updating Model Following 2Q Results
We are maintaining our Buy rating and $20 (peak sales-based) price target on Longeveron (NASDAQ: LGVN). The company reported 2Q results on Friday, with 2Q operating expenses of $4.4M versus our $5.4M estimate. 2Q revenue of $0.5M exceeded our $0.2M estimate, on higher clinical trial revenue than we had modeled.
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