Leerink Swann Upgrades Luminex (LMNX) to Outperform Following EraGen Acquisition
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Price: $36.99 --0%
Rating Summary:
1 Buy, 9 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 9
Rating Summary:
1 Buy, 9 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 9
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Leerink Swann upgraded Luminex (NASDAQ: LMNX) from Market Perform
to Outperform. Valuation increased to $23-$25 (from $20-$22)
Leerink analyst says, "We view LMNX's announced acquisition of EraGen Biosciences favorably and believe EraGen not only expands LMNX's revenue base but also its opportunity set. The deal offers an opportunity for meaningful value creation if managed properly, and we believe investors will come to increasingly appreciate this value over time."
For more ratings news on Luminex click here and for the rating history of Luminex click here.
Shares of Luminex closed at $19.64 yesterday.
to Outperform. Valuation increased to $23-$25 (from $20-$22)
Leerink analyst says, "We view LMNX's announced acquisition of EraGen Biosciences favorably and believe EraGen not only expands LMNX's revenue base but also its opportunity set. The deal offers an opportunity for meaningful value creation if managed properly, and we believe investors will come to increasingly appreciate this value over time."
For more ratings news on Luminex click here and for the rating history of Luminex click here.
Shares of Luminex closed at $19.64 yesterday.
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