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Fly News Breaks for February 6, 2017
BLUE
Feb 6, 2017 | 08:51 EDT
As previously reported, Roth Capital analyst Mark Breidenbach downgraded bluebird bio to Neutral from Buy, saying LentiGlobin still requires "substantial tinkering" before it is ready for prime time in sickle cell disease. The analyst is pushing back his estimated timeline to commercialization by two years and reducing the program's probability of success. Breidenbach also lowered his price target on the shares to $71 from $87.
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