BofA/Merrill Lynch Downgrades Illumina (ILMN) to Neutral
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Piper Jaffray Cuts Price Target on Illumina (ILMN) Following a Preliminary Revenue Miss
April 19, 2016 7:53 AM EDTPiper Jaffray maintained an Overweight rating on Illumina (NASDAQ: ILMN), and cut the price target to $166.00 (from $204.00), after the company announced preliminary 1Q revenue. Piper is expecting revenue of ~ $572M, below the Street's $596.8M estimate. Management attributed the miss to a slowdown in... More
Cantor Fitzgerald Downgrades Illumina (ILMN) to Hold
April 19, 2016 7:19 AM EDTCantor Fitzgerald downgraded Illumina (NASDAQ: ILMN) from Buy to Hold with a price target of $165.00 (from $225.00).
For an analyst ratings summary and ratings history on Illumina click here. For more ratings news on Illumina click here.
Shares of Illumina closed at $178.13 yesterday.
... MoreIllumina (ILMN) Issues Preliminary Q1 Revenue Below the Street
April 18, 2016 4:10 PM EDTIllumina, Inc. (NASDAQ: ILMN) today announced estimated first quarter revenue of approximately $572 million, a 6% increase compared to $539 million in the first quarter of 2015 and 7% growth on a constant currency basis. This estimate, which is unaudited, is based on management's preliminary financial analysis. (****The consensus was... More
