J.P. Morgan Cuts Precigen Rating Due to Burn Rate Issues

Friday, 22 March 2024, 15:10

J.P. Morgan has downgraded Precigen (PGEN) to underweight citing worries about the company's burn rate jeopardizing its survival. The downgrade reflects concerns on the company's financial sustainability.
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J.P. Morgan Cuts Precigen Rating Due to Burn Rate Issues

J.P. Morgan Downgrades Precigen to Underweight

J.P. Morgan has lowered its rating on Precigen (PGEN) to underweight, expressing concerns regarding the company's burn rate.

  • Reason for Downgrade: The decrease is attributed to concerns over the company's burn rate and its ability to remain operational.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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