BofA analyst Greg Harrison downgraded Sangamo to Underperform from Neutral with a price target of $1.50, down from $5. The company’s strategic restructuring is a positive step towards focusing on its innovative programs and extending the cash runway, the analyst tells investors in a research note. However, the firm says Sangamo’s recurring revenue opportunities are "distant" and that much of its platform is in need of de-risking data.
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Published first on TheFly
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