Wells Fargo Upgrades Editas Medicine (EDIT) on Phase 1/2 Trial A
Wells Fargo upgraded Editas Medicine (EDIT) to Overweight, raising its price target to $6 from $4. This follows the company's approval to start a Phase 1/2 trial for EDIT-401 in Australia, targeting a genetic condition. Editas has a P/S ratio of 6.15, below its historical median of 33.7x, and a GF Score of 51/100, indicating moderate fundamentals with weak profitability and financial strength.



