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Fly News Breaks for January 3, 2019
ILMN
Jan 3, 2019 | 06:34 EDT
UBS analyst Dan Brennan upgraded Illumina to Buy from Neutral and raised his price target for the shares to $370 from $340. The analyst sees an attractive entry point into the stock given the company's "secular growth story." He's bullish on Illumina's revenue growth opportunity as his prior survey work points to an accelerating revenue growth outlook for 2019. Further, he sees a $45B total addressable market opportunity beyond 2019.
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