RBC Capital raised the firm’s price target on Illumina (ILMN) to $126 from $118 and keeps an Outperform rating on the shares. The company reported a very solid quarter and raised guidance, and the firm believes that the current multiples don’t reflect the sector high EPS growth over the next 3-5 years, the analyst tells investors in a research note.
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Read More on ILMN:
- Illumina price target raised to $110 from $98 at UBS
- Illumina price target raised to $106 from $105 at Baird
- Illumina price target raised to $105 from $99 at Canaccord
- Illumina price target raised to $90 from $85 at Barclays
- Illumina’s Strategic Concerns and Uncertain Outlook: Sell Rating Reiterated with Lowered Price Objective