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Fly News Breaks for January 7, 2016
ILMN
Jan 7, 2016 | 05:37 EDT
Wells Fargo analyst Tim Evans downgraded Illumina to Market Perform saying a high multiple and high expectations present more downside risk than upside potential. The company next week at a sell-side conference is unlikely to make a product announcement big enough to reaccelerate revenue growth in 2016, Evans tells investors in a research note. He has a $170-$180 price target range for the shares.
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