JPMorgan analyst Eric Joseph initiated coverage of Bluebird Bio with an Overweight rating and $7 price target. With two transgenic cell therapy launches underway, and a third possible by year end, Bluebird is well positioned in the emerging class of autologous cell therapies for inherited hematological disorders, the analyst tells investors in a research note. The firm says feedback from its physician survey supports "compelling latent demand" for the modality in treating sickle cell disease, with specific views on Bluebird Bio’s lovo-cel supporting its "competitive if not best-in-class" positioning.
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Published first on TheFly
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