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Tuesday, May 29, 2018

Illumina target upped by Canaccord


Illumina price target raised to $290 from $270 at Canaccord. Canaccord analyst Mark Massaro raised his price target on Illumina to $290 from $270 and said it remains a “must-own” large cap stock. The company remains a top pick given its dominant leadership in the next-gen sequencing market. He sees room for raised guidance in 2018 given rising demand for NGS consumables and array consumables/services. Massaro reiterated his Buy rating on Illumina shares.

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