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Actionable news in ILMN: Illumina, Inc.,

Cantor Downgrades Illumina, Is Waiting For This To Happen

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Illumina, Inc. ILMN 24.76% preannounced lower-than-expected 1Q16 revenues of $572 million, and guided to full-year revenue growth of 12 percent y/y. Cantor Fitzgerald’s Bryan Brokmeier downgraded the rating for the company from Buy to Hold, while reducing the price target from $225 to $165.

Analyst Bryan...