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Fly News Breaks for November 11, 2019
LMNX
Nov 11, 2019 | 09:07 EDT
BTIG analyst Sung Nam lowered her price target on Luminex to $32 after its Q3 earnings miss and a cut in its FY19 guidance last week. The analyst warns that the revenue "lumpiness" associated with the LabCorp transition could linger into 2020, but she continues to forecast the company's core revenue growth excluding LabCorp in the high single digits in 2020, keeping her Buy rating on the shares.
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