TD Cowen Downgrades Illumina to Market Perform
Portfolio Pulse from Benzinga Newsdesk
TD Cowen analyst Dan Brennan has downgraded Illumina (NASDAQ:ILMN) from Outperform to Market Perform, indicating a change in the stock's expected performance.

January 04, 2024 | 11:19 am
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Illumina's stock rating has been downgraded by TD Cowen from Outperform to Market Perform, suggesting that the analyst sees limited upside potential or increased risk in the stock's near-term performance.
Downgrades by analysts can lead to a negative perception among investors and potentially cause a short-term decline in the stock price. The change from Outperform to Market Perform suggests that the analyst believes Illumina may not outperform the market as previously expected, which could lead to a decrease in investor confidence and a subsequent drop in the stock price.
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