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Fly News Breaks for February 4, 2016
ILMN
Feb 4, 2016 | 06:23 EDT
Canaccord analyst Mark Massaro downgraded Illumina to Hold and lowered his price target to $160 from $205 on shares. The analyst has concerns regarding valuation and potential multiple pressure when the growth rate is decelerating, spending is set to increase to establish new growth, and the launch of a new instrument that is expected to cannibalize another.
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