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Friday, April 26, 2019

Illumina price target lowered to $350 from $360 at Canaccord

Canaccord analyst Mark Massaro lowered his price target for Illumina to $350 from $360 after the company beat on the top and bottom line in Q1 and raised his bottom like 2019 guidance. Massaro tells investors in a research note that he views Q1 as mixed, but reiterates a Buy rating since less than 0.02% of humans have ever been sequenced and clinical sequencing is growing rapidly off an extremely low base.
https://thefly.com/landingPageNews.php?id=2898369

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