Cantor Fitzgerald Upgrades Sequenom (SQNM) to Buy
SQNM Hot Sheet
Rating Summary:7 Buy, 4 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 16 | Down: 7 | New: 23
Cantor Fitzgerald upgrades Sequenom (Nasdaq: SQNM) from Hold to Buy with a $16 price target.
The firm commented, "Following our recent meeting with management, settlement of the consolidated class action suit and recent advances signaling pipeline progress — including Sequenom's previously launched MassARRAY Compact 96 System and SensiGene Cystic Fibrosis (CF) Carrier Screening Test plus the launch of SensiGene Fetal RHD Genotyping and SensiGene FetalXY (fetal sex determination) tests in February with independent clinical studies are underway — have renewed our confidence that Sequenom is back on-track toward building its molecular diagnostics portfolio on the foundation of its genome analysis platform."
Cantor said Sequenom's commitment to launching its next-gen MassARRAY platform will be a key driver of long-term growth.
The firm commented, "Following our recent meeting with management, settlement of the consolidated class action suit and recent advances signaling pipeline progress — including Sequenom's previously launched MassARRAY Compact 96 System and SensiGene Cystic Fibrosis (CF) Carrier Screening Test plus the launch of SensiGene Fetal RHD Genotyping and SensiGene FetalXY (fetal sex determination) tests in February with independent clinical studies are underway — have renewed our confidence that Sequenom is back on-track toward building its molecular diagnostics portfolio on the foundation of its genome analysis platform."
Cantor said Sequenom's commitment to launching its next-gen MassARRAY platform will be a key driver of long-term growth.
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