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Illumina price target raised to $126 from $118 at RBC Capital

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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