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Fly News Breaks for January 9, 2020
FATE
Jan 9, 2020 | 05:17 EDT
BMO Capital analyst Do Kim downgraded Fate Therapeutics to Market Perform from Outperform with an unchanged price target of $22. The "clean" iPSC safety and positive FT516 efficacy expectations are fully reflected in the shares, Kim tells investors in a research note. The analyst sees greater downside risk to 2020 clinical updates and views the Fate's IPSC opportunity as fairly valued.
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