B of A Securities Downgrades Illumina to Underperform, Lowers Price Target to $100
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Derik De Bruin downgraded Illumina (NASDAQ:ILMN) from Neutral to Underperform and reduced the price target from $140 to $100.
December 12, 2023 | 1:09 pm
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Illumina's stock rating was downgraded by B of A Securities from Neutral to Underperform, and the price target was lowered from $140 to $100.
Downgrades by analysts, especially from a major firm like B of A Securities, can lead to a negative perception among investors and a potential decrease in stock price. The significant reduction in the price target from $140 to $100 suggests a bearish outlook on the company's valuation and future performance.
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