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Illumina (ILMN) was Upgraded to a Hold Rating at Credit Suisse

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Credit Suisse analyst Lorenzo Biasio upgraded Illumina (ILMNResearch Report) to Hold yesterday and set a price target of $340.00. The company’s shares closed last Wednesday at $330.19, close to its 52-week low of $306.66.

According to TipRanks.com, Biasio is a 4-star analyst with an average return of 7.5% and a 61.1% success rate. Biasio covers the Healthcare sector, focusing on stocks such as Intuitive Surgical, Merck & Company, and Thermo Fisher.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Illumina with a $417.55 average price target, representing a 25.3% upside. In a report issued on February 15, UBS also maintained a Hold rating on the stock with a $350.00 price target.

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The company has a one-year high of $526.00 and a one-year low of $306.66. Currently, Illumina has an average volume of 1.04M.

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Incorporated in 1998, Illumina, Inc. is a California-based company which develops, manufactures, and markets integrated systems for the analysis of genetic variation and biological function. Its products and services serve customers in the research, clinical and applied markets, and enable the adoption of a variety of genomic solutions. The company’s products include microarray scanners, sequencing reagents, and onsite training selector. Its services include sequencing and microarray services; proactive instrument monitoring; and instrument services, training, and consulting.

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