Wells Fargo analyst Yanan Zhu lowered the firm’s price target on Editas Medicine to $30 from $36 and keeps an Overweight rating on the shares. The firm highlights the momentum in RUBY study enrollment, which bodes well for the development timeline and market potential. Wells also reiterates its confidence in positive data from RUBY at midyear and 2023 updates, which should drive upside for shares.
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