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Fly News Breaks for January 30, 2019
ILMN
Jan 30, 2019 | 07:47 EDT
Leerink analyst Puneet Souda lowered his price target for Illumina to $365 from $380 to reflect its lowered growth guide. The analyst reiterates an Outperform rating on the stock as he believes lower sequencing costs and competition among its customers continue to drive NovaSeq and its broader product upgrade cycle.
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