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Leerink Swann Downgrades Fluidigm Corporation (FLDM) to Market Perform

April 29, 2013 7:55 AM EDT Send to a Friend
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Price: $37.10 --0%

Rating Summary:
    6 Buy, 2 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 0 | Down: 0 | New: 0
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Leerink Swann downgraded Fluidigm Corporation (NASDAQ: FLDM) from Outperform to Market Perform with a price target of $18.50-$19.50. Analyst Dan Leonard said he thinks the stock is poised to take a breather.

"We remain excited about FLDM's opportunity in single cell analysis, but the stock is up 30% year-to-date amid a backdrop of mixed datapoints (including the April MEDACorp survey of 50 sequencing lab directors, attached). Thus, we believe it could take a breather in the near term, and we see better risk/reward in Genomic Health Inc. (Nasdaq: GHDX) and Luminex Corporation (Nasdaq: LMNX) (both rated Outperform)," said Leonard.

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

Shares of Fluidigm Corporation closed at $18.62 yesterday.

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