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Fly News Breaks for October 6, 2015
ILMN
Oct 6, 2015 | 07:11 EDT
UBS lowered its price target on Illumina to $200 from $250 following the company's Q3 revenue shortfall announcement. The firm lowered its estimates but said its long term thesis remains intact as the company continues to penetrate large markets while enabling broader adoption of Genomics 2.0 applications. UBS maintained its Buy rating on Illumina shares.
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