As previously reported yesterday, Scotiabank analyst Sung Ji Nam upgraded Illumina to Outperform from Sector Perform with a price target of $185, down from $205, after the company announced plans to divest Grail. The firm’s new price target reflects the company’s valuation as a standalone company excluding Grail, the analyst tells investors.
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Read More on ILMN:
- Illumina upgraded to Outperform from Sector Perform at Scotiabank
- Illumina (NASDAQ:ILMN) Divests Grail Following Years-Long Antitrust Battle
- Illumina announces decision to divest Grail
- Court sides with FTC finding Illumina-Grail deal anticompetitive, WSJ reports
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