Bernstein Initiates Coverage On Illumina with Underperform Rating, Announces Price Target of $111
Portfolio Pulse from Benzinga Newsdesk
Bernstein analyst Eve Burstein has initiated coverage on Illumina (NASDAQ:ILMN) with an Underperform rating and a price target of $111.
September 28, 2023 | 10:29 am
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Illumina has been given an Underperform rating by Bernstein with a price target of $111.
The Underperform rating from Bernstein suggests that the analyst believes Illumina's stock will do worse than the market average. This could potentially lead to a decrease in the stock's price. The price target of $111 also indicates that the analyst believes the stock is currently overvalued, which could further pressure the stock price downwards.
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