UBS analyst John Sourbeer lowered the firm’s price target on Illumina to $240 from $255 and keeps a Neutral rating on the shares. Illumina posted a mixed Q4 performance with consolidated revenue ~in-line with preannouncement and EPS missed consensus by 46.2%, the analyst tells investors in a research note. 2023 guidance was maintained, though initial guidance was below the Street, UBS says.
Published first on TheFly
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