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Fly News Breaks for May 3, 2016
ILMN
May 3, 2016 | 07:36 EDT
UBS lowered its price target on Illumina to $180 from $210 to account for the expected ongoing weakness in Europe as well as choppiness related to its business transition. The firm believes the stock is at a good spot to buy at current levels, but they expect patience will be needed as the company transitions to a market development story. UBS reiterated its Buy rating on Illumina shares.
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