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Illumina price target raised to $130 from $112 at Canaccord

Canaccord analyst Kyle Mikson raised the firm’s price target on Illumina (ILMN) to $130 from $112 and keeps a Hold rating on the shares. The firm previewed its life science tools and diagnostics covereage and believes momentum in the sector which began in the second half of this year, can be maintained in 2026. Among their covered companies, they see a key catalyst in 2026 for Illumina with its AXELIOS luanch with Roche Holdings.

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