Editas Medicine Inc (EDIT)

Editas Medicine Inc. (EDIT) dropped by 6.20% from $7.26 to $6.81 in the trading on Tuesday October 17, 2023. The reason why EDIT stock down today is due to stock downgrade by analyst. Cantor Fitzgerald has downgraded Editas (EDIT) stock to Neutral from Overweight. The analyst assumes that Editas' sickle cell therapy EDIT-301 surpassing exa-cel and lovo-cel in HbF production could pose a formidable challenge. The analysts Eric Schmidt and Rick Bienkowsk also note that EDIT-301's ability to demonstrate clinical differentiation to these candidates is unclear.