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OTR Global Upgrades Illumina (ILMN) to Buy

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In a report released yesterday, OTR Global from OTR Global upgraded Illumina (ILMNResearch Report) to Buy. The company’s shares closed last Tuesday at $357.35.

Illumina has an analyst consensus of Moderate Buy, with a price target consensus of $417.55.

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Illumina’s market cap is currently $56.1B and has a P/E ratio of 70.85.

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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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