Luminex Corporation Reports Fourth Quarter And Full Year 2016 Results

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Luminex (LMNX) PT Lowered to $19 at Piper Jaffray Following 4Q Report

February 7, 2017 8:12 AM EST

Piper Jaffray lowered its price target on Luminex (NASDAQ: LMNX) to $19.00 (from $20.00) while maintaining a Neutral rating. Luminex announced 4Q16 revenue growth of 20% to $72.3M, in line with preliminary results. EPS of $0.06 was lower than the Street's $0.13.

Analyst William Quirk commented,... More