Barclays lowered the firm’s price target on Bluebird Bio (BLUE) to $8 from $40 and keeps an Overweight rating on the shares. The company reported a Q4 revenue beat with 2024 cell collections largely in line. Guidance for Bluebird’s cash runway is Q2 of 2025, with a key focus on closing of merger to avoid potential risks of bankruptcy and liquidation, the analyst tells investors in a research note.
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