Canaccord Genuity Downgrades Illumina to Hold, Lowers Price Target to $120
Portfolio Pulse from Benzinga Newsdesk
Canaccord Genuity analyst Kyle Mikson has downgraded Illumina (NASDAQ:ILMN) from Buy to Hold and lowered the price target from $210 to $120.
November 10, 2023 | 12:05 pm
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Illumina's stock has been downgraded from Buy to Hold by Canaccord Genuity, with a lowered price target of $120.
The downgrade from Buy to Hold indicates a less optimistic outlook for the company's stock. The lowered price target from $210 to $120 suggests that the analyst believes the stock is overvalued at current prices. This could potentially lead to a decrease in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100