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Gene editing firm Editas obtains rating upgrade from Citi
Summary
Brokerage house Citi has increased its rating on gene editing company Editas Medicine (NASDAQ: EDIT) from 'neutral' to 'buy'. The broker believes that there exists the potential for a positive short-term stock price rise on two key catalysts through the end of the year.
Refinitiv data suggests that EDIT has a mean recommendation rating of 2.4 on five. Here, one signifies a ‘strong buy’ rating and five stands for a ‘strong sell’ rating.
A total of eighteen analysts have covered the stock, of which three have given EDIT a ‘strong buy’ rating. Five analysts believe the stock is a ‘buy’ and nine analysts have given EDIT a ’hold’ recommendation. Additionally, one analyst has also given EDIT a ‘sell’ rating.
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