Baird lowered the firm’s price target on Editas Medicine (EDIT) to $4 from $8 and keeps an Outperform rating on the shares. The firm updated its model following Q1 results where its IP update provided incremental newsflow.
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Read More on EDIT:
- Editas Medicine: Hold Rating Amid Legal Uncertainty and Financial Concerns
- Buy Rating for Editas Medicine: Promising Advancements in In Vivo Gene Editing
- Editas Medicine reports Q1 EPS (92c), consensus (59c)
- Editas Medicine expects cash to fund operations into Q2 of 2027
- Editas says U.S. Court of Appeals remands CRISPR patent interference decision
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