TD Cowen cuts rating on Illumina stock to hold

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Go back to TD Cowen cuts rating on Illumina stock to hold

Barclays Downgrades Illumina (ILMN) to Underweight

February 10, 2025 6:13 AM EST

Barclays analyst Luke Sergott downgraded Illumina (NASDAQ: ILMN) from Equalweight to Underweight with a price target of $100.00 (from $130.00).

The analyst comments "Overall, we view ILMN as a great business with a technological edge that has matured along with the market it created. We think that it is a normal Tools business not unlike other mature genomics / proteomics markets like PCR and mass spec. These are solid MSD topline growers with an oligopoly... More