Auriga Reiterates a 'Buy' on Illumina (ILMN); Adjusting Estimates on Preannouncement
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Price: $193.14 +1.18%
Rating Summary:
18 Buy, 20 Hold, 6 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 12 | Down: 23 | New: 22
Rating Summary:
18 Buy, 20 Hold, 6 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 12 | Down: 23 | New: 22
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Auriga reiterates a 'Buy' on Illumina (NASDAQ: ILMN) price target of $60.00.
Analyst, Peter McDonald, said, "For 1Q12, ILMN expects revenues of ~$270MM, ahead of street consensus ($258MM) and our $254MM estimate, as well as the quarterly guidance. ILMN noted across the board strength and highlighted a book-to-bill ratio over 1.1. Overall, we believe these results reflect a number of positive drivers and bode well for the outlook in 2012. In the interim, we continue to expect the deal with Roche will be consummated -- however the price needs to be higher -- reflecting ILMN's leadership position, product pipeline, and potential commercial opportunities in clinical diagnostics."
For an analyst ratings summary and ratings history on Illumina click here. For more ratings news on Illumina click here.
Shares of Illumina closed at $52.62 yesterday.
Analyst, Peter McDonald, said, "For 1Q12, ILMN expects revenues of ~$270MM, ahead of street consensus ($258MM) and our $254MM estimate, as well as the quarterly guidance. ILMN noted across the board strength and highlighted a book-to-bill ratio over 1.1. Overall, we believe these results reflect a number of positive drivers and bode well for the outlook in 2012. In the interim, we continue to expect the deal with Roche will be consummated -- however the price needs to be higher -- reflecting ILMN's leadership position, product pipeline, and potential commercial opportunities in clinical diagnostics."
For an analyst ratings summary and ratings history on Illumina click here. For more ratings news on Illumina click here.
Shares of Illumina closed at $52.62 yesterday.
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