Baird analyst Catherine Ramsey Schulte raised the firm’s price target on Illumina to $124 from $119 and keeps a Neutral rating on the shares. The firm said they reported 2Q revenue slightly ahead of expectations, while strong sequencing consumables helped drive profitability upside.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ILMN:
- Illumina Reports Financial Results for Second Quarter of Fiscal Year 2024
- ILMN Upcoming Earnings Report: What to Expect?
- Illumina call volume above normal and directionally bullish
- Carvana upgraded, LegalZoom downgraded: Wall Street’s top analyst calls
- Illumina upgraded to Buy following Grail divestiture at Citi