Deutsche Bank analyst Dan Leonard downgraded Illumina to Hold from Buy and cut his price target for the shares to $310 from $350. Forward revenue expectations lack upside potential while the "pace of newsflow to motivate further enthusiasm" for the company's total addressable market opportunity could slow, Leonard tells investors in a research note. The analyst feels it is "time to hit the pause button" with respect to Illumina shares.
https://thefly.com/landingPageNews.php?id=2853679
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