Evercore ISI lowered the firm’s price target on Illumina (ILMN) to $175 from $195 and keeps an Outperform rating on the shares ahead of Grail (GRAL) starting “when issued” trading on June 12 and “regular way” trading on June 24. The firm is modeling about $4.54 EPS for standalone Illumina in FY25 based on about 6% organic growth, the analyst tells investors.
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