Wells Fargo raised the firm’s price target on Editas Medicine (EDIT) to $4 from $3 and keeps an Equal Weight rating on the shares. The firm thinks the LDLR upregulation mechanism leveraged by EDIT-401 is intriguing, with the promise of a potent new approach to lower LDL-C. Wells does think initial derisking on the safety of this new approach would be helpful and awaits updates on IND in 2026.
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