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Fly News Breaks for July 22, 2015
ILMN
Jul 22, 2015 | 05:45 EDT
Mizuho analyst Peter Lawson recommends buying shares of Illumina today on the post-earnings pullback. The company's first revenue miss in 15 quarters is more a function of aggressive consensus expectations than demand issues, Lawson tells investors in a research note. Illumina's Sequencing revenue grew 28% against a strong comp, he points out. The analyst raised his price target for the stock $240 from $230 and keeps a Buy rating on name. Illumina shares traded down last night $22.54 to $215.00.
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