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Metagenomi price target lowered to $11 from $12 at Chardan

Metagenomi price target lowered to $11 from $12 at Chardan

Chardan lowered the firm's price target on Metagenomi (MGX) to $11 from $12. The firm updated its model for Q2 financials and takes a slightly more conservative stance on programs/platform beyond hem A and the Ionis collaboration in light of the company's increasing focus on pipeline execution and advancing gene editing platform competition. The firm noted its Q2 adjustments shift its price target lower.
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Metagenomi price target lowered to $11 from $12 at Chardan
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