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Benzinga
Benzinga
Business
Priya Nigam

HISTORICAL FACTS: Bofa downgrades ginkgo bioworks cuts price target in half | History Defined

Ginkgo Bioworks BofA Foundry BofA Securities DNA Ginkgo Bioworks Holdings Inc NYSE de Bruin

While Ginkgo Bioworks Holdings Inc’s (NYSE:DNA) overall first-quarter results were better than expected, revenues and active programs in its core Foundry segment fell short of estimates, according to BofA Securities.

The Ginkgo Bioworks Analyst: Derik de Bruin downgraded the rating for Ginkgo Bioworks from Neutral to Underperform, while reducing the price target from $6 to $3.

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