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Fly News Breaks for April 19, 2016
ILMN
Apr 19, 2016 | 06:12 EDT
Piper Jaffray analyst William Quirk lowered his price target for Illumina to $166 after the company announced weaker than expected preliminary Q1 results. The surprise miss and lasting Europe weakness will pressure the shares in the near-term, Quirk tells investors in a research note. The analyst continues to like Illumina for the longer term and keeps an Overweight rating on the name.
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