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Fly News Breaks for August 26, 2015
ILMN
Aug 26, 2015 | 07:28 EDT
Citi believes that the 13% decline in Illumina since August 1 due to macro fears has created an attractive entry point. The firm finds the stock's valuation attractive and expects the company to continue to benefit from the growth of its non-invasive prenatal testing business. The firm says that the ASHG meeting could provide the stock with a positive catalyst, and it keeps a Buy rating on the shares.
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