B of A Securities Maintains Buy on bluebird bio, Lowers Price Target to $5
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Jason Gerberry has maintained a Buy rating on bluebird bio (NASDAQ:BLUE) but has reduced the price target from $12 to $5. This adjustment reflects a more conservative valuation of the company's prospects.
December 21, 2023 | 4:37 pm
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NEUTRAL IMPACT
B of A Securities maintains a Buy rating on bluebird bio but lowers the price target from $12 to $5, indicating a reduced but still positive outlook.
While the Buy rating suggests continued confidence in the company's long-term potential, the significant reduction in the price target could lead to short-term negative sentiment among investors. However, since the rating remains a Buy, the overall impact might be neutral as the market digests the mixed signals of continued endorsement versus lowered expectations.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100