Jefferies Resumes Sequenom (SQNM) at Buy

July 3, 2014 7:09 AM EDT
Get Alerts SQNM Hot Sheet
Price: $2.39 --0%

Rating Summary:
    6 Buy, 8 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 30 | Down: 30 | New: 23
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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.

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