Abacus Life Announces Pricing of Public Offering of Common Stock
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Abacus Life Inc. (ABL) PT Lowered to $15 at B.Riley
June 24, 2024 6:53 AM EDTB.Riley analyst Matt Howlett lowered the price target on Abacus Life Inc. (NASDAQ: ABL) to $15.00 (from $16.00) while maintaining a Buy rating.
The analyst comments "We are revisiting our model following ABL's (Buy, $15 PT) 10M share (11.5M with over-allotment) common stock offering, priced last week. B. Riley Securities, Inc. acted as joint book-runner for the offering. Pricing came in lower than modeled in our initiation ($8 vs. $12), but note that if the over-allotment is... More
