Editas cut to underperform by BofA, price objective slashed to $1

seekingalpha

2024-11-26

Bet_Noire

BofA has downgraded Editas (NASDAQ:EDIT) to underperform from buy, citing the company’s plans to outsource its reni-cel program.

“Deprioritizing reni-cel does make sense from a cash burn perspective but removes a significant portion of our valuation with partner interest remaining

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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nEditas cut to underperform by BofA, price objective slashed to $1\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">seekingalpha</strong><span class=\"h-time small\">2024-11-26 00:31</span>\n</p>\n</h4>\n</header>\n<article>\n<html><body><figure> <picture> <img height=\"1152px\" sizes=\"(max-width: 768px) calc(100vw - 36px), (max-width: 1024px) calc(100vw - 132px), (max-width: 1200px) calc(66.6vw - 72px), 600px\" src=\"https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1390517125/image_1390517125.jpg?io=getty-c-w750\" srcset=\"https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1390517125/image_1390517125.jpg?io=getty-c-w1536 1536w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1390517125/image_1390517125.jpg?io=getty-c-w1280 1280w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1390517125/image_1390517125.jpg?io=getty-c-w1080 1080w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1390517125/image_1390517125.jpg?io=getty-c-w750 750w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1390517125/image_1390517125.jpg?io=getty-c-w640 640w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1390517125/image_1390517125.jpg?io=getty-c-w480 480w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1390517125/image_1390517125.jpg?io=getty-c-w320 320w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1390517125/image_1390517125.jpg?io=getty-c-w240 240w\" width=\"1536px\"/> </picture> <figcaption><p>Bet_Noire</p></figcaption> </figure><p>BofA has downgraded Editas (<span>NASDAQ:EDIT</span>) to underperform from buy, citing the company’s plans to outsource its reni-cel program. </p> <div></div><p>“Deprioritizing reni-cel does make sense from a cash burn perspective but removes a significant portion of our valuation with partner interest remaining</p></body></html>\n<div class=\"bt-text\">\n\n\n<p> 來源：<a href=\"https://seekingalpha.com/news/4330713-editas-cut-to-underperform-by-bofa-price-objective-slashed-to-1-dollar\">seekingalpha</a></p>\n<p>為提升您的閱讀體驗，我們對本頁面進行了排版優化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"EDIT","symbol_name":"Editas Medicine, Inc.","start_time":0,"source_url":"https://seekingalpha.com/news/4330713-editas-cut-to-underperform-by-bofa-price-objective-slashed-to-1-dollar","article_id":"2486034035","we_media_id":null,"thumbnails":["https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1390517125/image_1390517125.jpg?io=getty-c-w750"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2486034035","pubTimestamp":1732552298,"columns":[],"sourceInfo":{"source_id":"seekingalpha_trending_news","name":"Seeking Alpha Trending News"},"weMediaInfo":null,"summary":"Bet_Noire BofA has downgraded Editas (NASDAQ:EDIT) to underperform from buy, citing the company’s plans to outsource its reni-cel program.  “Deprioritizing reni-cel does make sense from a cash burn perspective but removes a significant portion of our valuation with partner interest remaining","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":["rate"],"viewcount":null,"language":"en","relate_stocks":{"EDIT":"Editas Medicine, Inc."},"translate_title":"Editas被美国银行下调至表现不佳，价格目标下调至1美元","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"EDIT":0.9},"content_text":"Bet_Noire BofA has downgraded Editas (NASDAQ:EDIT) to underperform from buy, citing the company’s plans to outsource its reni-cel program.  “Deprioritizing reni-cel does make sense from a cash burn perspective but removes a significant portion of our valuation with partner interest remaining","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"code":"91000000","status":"200"}}}