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ILMN

Illumina

$184.85

0.36 (0.20%)

06:17
10/11/16
10/11
06:17
10/11/16
06:17

Illumina selloff a buying opportunity, says Piper Jaffray

Piper Jaffray analyst William Quirk recommends using today's selloff in shares of Illumina as a buying opportunity. The stock traded down 24% last night after the company reported preliminary Q3 revenue of $607M, below the Street's $628.3M estimate. A lower number of HiSeq 2500/4000 installs as well as a HiSeq X Ten placement slip drove the revenue miss, Quirk tells investors in a research note. He notes, however, that his HiSeq X checks found the pipeline remains "very strong" at 95 systems, with a majority driven by the Chinese precision medicine program. He views $130 as a "technical floor" for the shares and dropped his price target for Illumina to $150 from $163. Quirk keeps an Overweight rating on the name.

  • 01

    Nov

ILMN Illumina
$184.85

0.36 (0.20%)

08/18/16
WELS
08/18/16
NO CHANGE
WELS
Wells Fargo says Thermo Fisher buying Illumina 'makes no sense'
Wells Fargo analyst Tim Evans believes speculation of Thermo Fisher (TMO) acquiring Illumina "makes no sense." The analyst estimates the deal would be about 14% dilutive to Thermo in year one and "would struggle to be neutral" to earnings by year three. Further, the deal would run into "significant regulatory hurdles" since that Illumina holds a near monopoly in high-throughput sequencing, Evans tell investors note. Shares of Illumina are off their highs but remain up 3% after StreetInsider stoked renewed takeout speculation by citing a source saying Thermo may bid $30B for the company.
08/18/16
CANT
08/18/16
NO CHANGE
Target $165
CANT
Speculative Buy
Thermo Fisher unlikely to acquire Illumina, says Cantor
Cantor Fitzgerald analyst Bryan Brokmeier believes it is unlikely that Thermo Fisher (TMO) will attempt to acquire Illumina (ILMN). Even if Thermo were to attempt a deal, the merger would be unlikely to close, Brokmeier tells investors in an intraday research note. If Illumina is a willing seller, however, Roche (RHHBY) may reconsider a bid, the analyst contends. He recommends investors stay on the sidelines with respect to Illumina shares. Brokmeier has a Hold rating on the name with a $165 price target. The analyst continues to believe Roche is the most likely acquirer of Pacific Biosciences (PACB).
08/22/16
KING
08/22/16
DOWNGRADE
KING
Neutral
Illumina downgraded to Neutral from Buy at CL King
CL King analyst David Westenberg downgraded Illumina to Neutral given the recent run-up in the shares and lack of near-term visible catalysts.
09/12/16
SBSH
09/12/16
NO CHANGE
Target $190
SBSH
Buy
Illumina price target raised to $190 from $175 at Citi
Citi analyst Daniel Arias raised his price target for Illumina to $190 after traveling with the company's CFO Marc Stapley and investor relations head Rebecca Chambers. The analyst believes the business "can hold its own" in the second half of 2016 and that shares can move higher in 2017. He keeps a Buy rating on Illumina.

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OCLR

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FIT

Fitbit

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SQ

Square

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FIT

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SBUX

Starbucks

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0.03 (0.05%)

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LB

Labarge

$58.13

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LB

Labarge

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F

Ford

$12.67

-0.02 (-0.16%)

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GTLS

Chart Industries

$38.51

-1.21 (-3.05%)

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TSLA

Tesla

$273.51

-3.88 (-1.40%)

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PRU

Prudential

$110.50

-0.72 (-0.65%)

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Wells Fargo

$58.36

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PSA

Public Storage

$226.24

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CS

Credit Suisse

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LZB

La-Z-Boy

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CLD

Cloud Peak

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SNAP

Snap Inc

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SBLK

Star Bulk Carriers

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0.29 (3.12%)

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C

Citi

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PRAH

PRA Health

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FGL

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ATH

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APO

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PRAH

PRA Health

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NBR

Nabors Industries

$15.44

0.01 (0.06%)

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AXGN

AxoGen

$10.50

-0.1 (-0.94%)

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