Evercore ISI downgraded Intellia Therapeutics (NTLA) to In Line from Outperform with a price target of $8, down from $17. The firm sees a “narrow” path to valuation upside after the company’s cardiomyopathy of transthyretin-mediated amyloidosis program showed a severe liver toxicity event. Evercore is unsure when further clarity on the ATTR program will come.
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