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Fly News Breaks for October 6, 2015
ILMN
Oct 6, 2015 | 08:30 EDT
Cowen lowered its price target on Illumina to $170 from $220 following its earnings miss preannouncement and lowered guidance. The firm said the miss appears to be geographic, not demand driven, and noted that management said its sales funnel was as strong as ever. Cowen maintained its Outperform rating on Illumina shares.
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