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

July 2, 2012 7:44 AM EDT
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Price: $2.95 --0%

Rating Summary:
    0 Buy, 4 Hold, 0 Sell

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    Up: 1 | Down: 5 | New: 3
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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.

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