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Fly News Breaks for October 6, 2015
ILMN
Oct 6, 2015 | 07:20 EDT
Stifel cut its price target on Illumina after the company preannounced lower than expected Q3 sales. The firm thinks the stock could remain range-bound for some time, but it still believes that the company has "attractive growth attributes" and multiple potential positive catalysts. Stifel expects the company's revenues to grow at a double digit percentage pace and keeps a Buy rating on the shares.
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