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Leerink Swann Upgrades Qiagen NV (QGEN) to Outperform; Downside Relatively Priced In

September 29, 2011 7:18 AM EDT
Get Alerts QGEN Hot Sheet
Price: $42.95 -0.65%

Rating Summary:
    14 Buy, 17 Hold, 3 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 13 | Down: 14 | New: 11
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Leerink Swann upgraded Qiagen NV (NASDAQ: QGEN) from Market Perform to Outperform with a price target range of $18-$20.00.

Leerink analyst says, "We are upgrading QGEN with a view that macro and company-specific concerns are priced into the stock, while the company has a few soft catalysts that could enable relative multiple expansion over the next 12 months. Potential positive catalysts include QIAsymphony uptake and regulatory approvals."

For more ratings news on Qiagen NV click here and for the rating history of Qiagen NV click here.

Shares of Qiagen NV closed at $14.11 yesterday.


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