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Fly News Breaks for September 30, 2019
BLUE
Sep 30, 2019 | 16:18 EDT
Stifel analyst Benjamin Burnett initiated Bluebird Bio with a Hold rating and a price target of $109. The analyst is concerned that the launch of the company's lead product Zynteglo will be slow, which places a risk on it meeting consensus expectations. Burnett adds that the the bull case on Bluebird Bio is hard to justify because of the tough competition in multiple myeloma.
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