Goldman Sachs Downgrades Life Technologies (LIFE) to Sell; Value Trap

Article Stock Quotes (1) Comments (0)

Goldman Sachs downgraded Life Technologies (NASDAQ: LIFE) from Neutral to Sell with a price target of $38.00, suggesting 16% downside. The firm said challenged growth creates a value trap.

The analyst said "we believe both cyclical (academic funding) and structural (profitability in key products) headwinds will lead to weaker-than-expected operating results in 2H12 and beyond."

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

Shares of Life Technologies closed at $44.99 yesterday, with a 52 week range of $35.30-$52.70.

---

Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW

---

*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here

---

---

You May Also Be Interested In

• UPDATE: Exane BNP Paribas Downgrades BlackBerry (BBRY) to Underperform; Analyst Says Profit 'Drying Up'
• Barclays Downgrades Joy Global (JOY) to Equalweight
• Macquarie Downgrades Deutsche Bank (DB) to Underperform

Create E-mail Alert Related Categories

Downgrades, Hot Downgrades

Related Entities

Goldman Sachs

Add Your Comment

Name

Subject

Body

Share on Facebook

Verification
can't see the text?
click here to refresh the image.
what's this?