Illumina Announces Preliminary Revenue for First Quarter of Fiscal Year 2016
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April 19, 2016 7:53 AM EDT
Piper Jaffray maintained an Overweight rating on Illumina (NASDAQ: ILMN), and cut the price target to $166.00 (from $204.00), after the company announced preliminary 1Q revenue. Piper is expecting revenue of ~ $572M, below the Street's $596.8M estimate. Management attributed the miss to a slowdown in... More
April 19, 2016 7:19 AM EDT
Cantor Fitzgerald downgraded Illumina (NASDAQ: ILMN) from Buy to Hold with a price target of $165.00 (from $225.00).
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 $178.13 yesterday.
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April 19, 2016 6:53 AM EDT
Mizuho Securities maintained a Neutral rating and $150.00 price target on Illumina (NASDAQ: ILMN) following the company's negative 1Q pre-announcement. 1Q revenue is expected to be approximately $572mm, about $24mm below consensus. EPS is also expected to be below consensus.
Analyst Eric Criscuolo commented, "We... More
April 19, 2016 6:52 AM EDT
BofA/Merrill Lynch downgraded Illumina (NASDAQ: ILMN) from Buy to Neutral.
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 $178.13 yesterday.
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