Information Provided By:
Fly News Breaks for October 19, 2018
PACB
Oct 19, 2018 | 07:57 EDT
Cowen analyst Doug Schenkel initiated Pacific Biosciences with an Outperform rating, stating that the company will be well positioned for a growth inflection following the launch of its 8M chip in 2019. He said the chip will compete at price and be comparable to others without compromising on its differentiated attributes. Schenkel has a $6.50 price target on Pacific Biosciences shares.