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Fly News Breaks for July 12, 2019
ILMN
Jul 12, 2019 | 06:18 EDT
UBS analyst Daniel Brennan kept his Buy rating and $350 price target on Illumina, saying the sell-off in its stock after the "disappointing" Q2 pre-announcement represents a buying opportunity. The analyst believes that most of the issues in the quarter appear "timing-related" and expects the company to benefit from accelerating demand in 2020 and beyond.
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