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Fly News Breaks for September 25, 2019
ILMN
Sep 25, 2019 | 07:42 EDT
Argus analyst Jasper Hellweg raised his price target on Illumina to $340 and kept his Buy rating, even though the its recent quarterly results have been "uneven" as the company is managing a product transition. The analyst keeps his FY19 EPS view of $6.07 to reflect his view of shrinking margins and decelerating revenue growth, but contends that many of Illumina's issues will be temporary. Hellweg expects the company to return to double-digit earnings growth in FY20.
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