UBS Maintains 'Neutral' on Luminex (LMNX); Strong 2Q, Increasing Momentum
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Price: $8.99 +10.44%
Rating Summary:
1 Buy, 9 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
1 Buy, 9 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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UBS maintains 'Neutral' on Luminex (NASDAQ: LMNX), adjusts price target from $21.00 to $20.50.
UBS analyst says, "Revenues and EPS beat Street on solid system & consumables growth...Magpix seeing traction; new assay products set to contribute...For ‘11, LMNX now sees sales of $180-185m (+27-31%), up from $163-170m previously, & with $5-7m from M&A. We project ’11 revs of $183m, with EPS of $0.37 (was $0.32). For ’12E, we see sales of $220m, with EPS of $0.58 (was $0.56)."
For more ratings news on Luminex click here and for the rating history of Luminex click here.
Shares of Luminex closed at $18.50 yesterday.
UBS analyst says, "Revenues and EPS beat Street on solid system & consumables growth...Magpix seeing traction; new assay products set to contribute...For ‘11, LMNX now sees sales of $180-185m (+27-31%), up from $163-170m previously, & with $5-7m from M&A. We project ’11 revs of $183m, with EPS of $0.37 (was $0.32). For ’12E, we see sales of $220m, with EPS of $0.58 (was $0.56)."
For more ratings news on Luminex click here and for the rating history of Luminex click here.
Shares of Luminex closed at $18.50 yesterday.
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