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Fly News Breaks for July 12, 2019
Jul 12, 2019 | 07:26 EDT
While last night's preannouncement is "clearly disappointing," Illumina remains one of the best-positioned secular growth stories in the space, JPMorgan analyst Tycho Peterson tells investors in a research note. The analyst encourages longer-term investors to take advantage of today's share weakness and keeps an Overweight rating on the name. He admits, however, that the stock will likely remain under near-term pressure pending better visibility on a 2020 recovery.
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