Cantor Fitzgerald Reiterates Sell on bluebird bio (BLUE) Following ASH Abstracts

November 3, 2016 11:19 AM EDT
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Price: $67.60 +4.00%

Rating Summary:
    15 Buy, 3 Hold, 1 Sell

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    Up: 13 | Down: 22 | New: 54
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Cantor Fitzgerald analyst Elemer Piros reiterated a Sell rating and $37 price target on bluebird bio (NASDAQ: BLUE) following this morning's ASH abstracts.

Piros highlighted:

  • As telegraphed by the company at a recent investor/analyst day, at the upcoming ASH conference, we would only see results from patients that were treated with previous treatment process.
  • The abstracts released this morning confirmed this information.
  • In September, bluebird initiated trials with an improved process anticipating more robust and less variable outcomes in homozygous thalassemia and sickle cell disease patients.

For an analyst ratings summary and ratings history on bluebird bio click here. For more ratings news on bluebird bio click here.

Shares of bluebird bio closed at $46.40 yesterday.

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