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Stock Market & Financial Investment News

News Breaks
January 15, 2014
07:07 EDTILMNIllumina price target raised to $130-$135 from $90-$95 at Wells Fargo
Wells Fargo increased its price target on Illumina after the company provided higher than expected 2014 revenue guidance and introduced two new systems. The firm believes that the company's position in the high-throughput sequencing and low/mid-throughput market has been enhanced. It keeps an Outperform rating on the shares.
News For ILMN From The Last 14 Days
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April 9, 2014
08:58 EDTILMNIllumina not targeted by new Chinese regulations, says Janney Capital
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April 7, 2014
07:30 EDTILMNIllumina weakness creates buying opportunity, says Wells Fargo
Wells Fargo believes that the recent decline in Illumina's stock is mostly related to its correlation with biotech indices, and the firm sees this correlation as "a technical rather than a fundamental phenomenon." The firm believes that demand for the company's HiSeq, MiSeq, and HiSeq X instruments are strong, and it now identifies the stock as its top pick in the tools space. It increased its price target on the shares to $170-175 from $155-$160.

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