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Korro Bio downgraded to Neutral from Buy at Chardan

Chardan analyst Keay Nakae downgraded Korro Bio (KRRO) to Neutral from Buy with a $7 price target The firm views the negative Phase I/IIa REWRITE trial evaluating KRRO-110 as a “significant setback” for the company. It will require new human clinical data, which now is in 2027, to rebuild investor confidence in Korro’s OPERA design platform, the analyst tells investors in a research note.

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