Leerink Swann Downgrades Luminex (LMNX) to Market Perform; Downside to Street Expectations
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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: 9 | New: 12
Rating Summary:
1 Buy, 9 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 9 | New: 12
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Leerink Swann downgraded Luminex (NASDAQ: LMNX) from Outperform to Market Perform, price target range cut from $23-25 to $19-$22.
Leerink analyst says, "We continue to view LMNX as a growth company, remain positive on its ability to leverage the recently acquired EraGen business, and view the optionality presented by its participation in the BioWatch program as intriguing. However, we believe the Street has mismodeled 2012E and stock appreciation could be challenged until estimates reset." (Leerink lowers FY12 EPS estimate by $0.01 to $0.45)
For an analyst ratings summary and ratings history on Luminex click here. For more ratings news on Luminex click here.
Shares of Luminex closed at $20.86 yesterday.
Leerink analyst says, "We continue to view LMNX as a growth company, remain positive on its ability to leverage the recently acquired EraGen business, and view the optionality presented by its participation in the BioWatch program as intriguing. However, we believe the Street has mismodeled 2012E and stock appreciation could be challenged until estimates reset." (Leerink lowers FY12 EPS estimate by $0.01 to $0.45)
For an analyst ratings summary and ratings history on Luminex click here. For more ratings news on Luminex click here.
Shares of Luminex closed at $20.86 yesterday.
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