Leerink Swann Upgrades Life Technologies (LIFE) to Outperform; Catalysts Could Drive Upside

Leerink Swann upgraded Life Technologies (NASDAQ: LIFE) from Market Perform to Outperform, price target range $59-$63.

Leerink analyst said, "We are upgrading LIFE with a view that its presence in nextgen sequencing, albeit small (~4% of 2012E revs), will become increasingly appreciated. Additionally, a change in management incentive comp effective this year (ties to ROIC) could help alleviate an overhang, that the company will overpay for an acquisition, which has dogged the stock for years."

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 $49.09 yesterday.

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