Leerink Swann Maintains an 'Outperform' on Life Technologies (LIFE); Improved Sentiment, But Now More Back-End Loaded
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Price: $34.02 -2.24%
Rating Summary:
15 Buy, 2 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
15 Buy, 2 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Leerink Swann maintains an 'Outperform' on Life Technologies (NASDAQ: LIFE) price target range cut from $59-63 to $57-59.
Leerink analyst says, "Following our recent survey on the DNA sequencing market, we have adjusted our forecast for LIFE to reflect a more backend loaded contribution from its Ion Torrent business. We continue to rate LIFE’s stock Outperform, on the assumption that the Ion Proton launch could provide a positive sentiment catalyst for LIFE’s shares."
Leerink lowers Q1 (2012) EPS from $0.93 to $0.91, Q2 from $0.96 to $0.94, but lifts Q3 from $0.98 to $0.99 and Q4 from $1.07 to $1.12. (FY12 unchanged at $3.95)
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 $46.41 yesterday.
Leerink analyst says, "Following our recent survey on the DNA sequencing market, we have adjusted our forecast for LIFE to reflect a more backend loaded contribution from its Ion Torrent business. We continue to rate LIFE’s stock Outperform, on the assumption that the Ion Proton launch could provide a positive sentiment catalyst for LIFE’s shares."
Leerink lowers Q1 (2012) EPS from $0.93 to $0.91, Q2 from $0.96 to $0.94, but lifts Q3 from $0.98 to $0.99 and Q4 from $1.07 to $1.12. (FY12 unchanged at $3.95)
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 $46.41 yesterday.
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