bluebird bio Completes Planned Business Separation

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Morgan Stanley Downgrades bluebird bio (BLUE) to Underweight, 'commercialization will remain challenging'

November 8, 2021 5:11 AM EST

Morgan Stanley analyst Matthew Harrison downgraded bluebird bio (NASDAQ: BLUE) from Equalweight to Underweight with a price target of $11.00 (from $19.00).

The analyst comments "Bluebird has developed a robust portfolio of genetherapies where we expect approval in 2022/2023. However, we believe the ultimate market for... More