Illumina shares are trading higher after the company reported better-than-expected Q2 financial results and issued FY23 EPS guidance. Additionally, Evercore ISI Group raised its price target from $235 to $240 on the stock.
Portfolio Pulse from Benzinga Newsdesk
Illumina's shares are trading higher following the company's Q2 financial results, which exceeded expectations. The company also issued its FY23 EPS guidance. Evercore ISI Group has raised its price target for Illumina from $235 to $240.
August 10, 2023 | 2:20 pm
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Illumina's better-than-expected Q2 results and the raised price target by Evercore ISI Group have led to a rise in the company's share price.
Illumina's Q2 results exceeded expectations, which is a positive signal for investors and can lead to a rise in the company's share price. Additionally, the raised price target by Evercore ISI Group indicates a positive outlook for the company's future performance, further boosting investor confidence.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100