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Editas Medicine (EDIT) Gets a Hold Rating from Leerink Partners

Leerink Partners analyst Rick Bienkowski maintained a Hold rating on Editas Medicine (EDITResearch Report) on February 11. The company’s shares closed last Tuesday at $16.67, close to its 52-week low of $15.62.

According to TipRanks.com, Bienkowski is ranked #7219 out of 7791 analysts.

Currently, the analyst consensus on Editas Medicine is a Hold with an average price target of $35.00, which is a 121.7% upside from current levels. In a report issued on February 11, Evercore ISI also downgraded the stock to Hold with a $15.00 price target.

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Editas Medicine’s market cap is currently $1.08B and has a P/E ratio of -4.86.

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Editas Medicine, Inc. engages in the development and commercialization of genome editing technology. Its technology includes clustered, regularly interspaced short palindromic repeats (CRISPR), and CRISPR associated protein 9 (Cas9). The company was founded by Feng Zhang, Jennifer A. Doudna, George McDonald Church, J. Keith Joung and David R. Liu in September 2013 and is headquartered in Cambridge, MA.

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