Scotiabank Maintains Sector Outperform on Illumina, Lowers Price Target to $164
Portfolio Pulse from Benzinga Newsdesk
Scotiabank analyst Sung Ji Nam maintains a Sector Outperform rating on Illumina (NASDAQ:ILMN) but lowers the price target from $176 to $164.

August 15, 2024 | 9:04 pm
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Scotiabank maintains a Sector Outperform rating on Illumina but lowers the price target from $176 to $164.
The maintained Sector Outperform rating suggests continued confidence in Illumina's performance, but the lowered price target indicates some caution about its short-term prospects. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100