Jefferies Resumes Sequenom (SQNM) at Buy

July 3, 2014 7:09 AM EDT Send to a Friend
Get Alerts SQNM Hot Sheet
Price: $3.08 +3.01%

Rating Summary:
    9 Buy, 5 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 11 | Down: 14 | New: 51
Trade SQNM Now!
Join SI Premium – FREE

Jefferies resumes coverage on Sequenom (NASDAQ: SQNM) with a Buy rating and a price target of $5.00 (from $4.50).

Analyst Brandon Couillard said, "Our revised revenue and EPS forecasts reflect the effects of SQNM’s recent divestiture of its Biosciences unit, as well as expectations for a profitability & cash flow inflection in 4Q14."

The firm lifted FY 2014 EPS from ($0.75) to ($0.31).

For an analyst ratings summary and ratings history on Sequenom click here. For more ratings news on Sequenom click here.

Shares of Sequenom closed at $3.97 yesterday.



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Analyst Comments, Hot New Coverage, New Coverage

Related Entities

Jefferies & Co

Add Your Comment