Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Markets & Finance

Baird Downgrades Illumina


Baird downgrades gene expression product company Illumina Inc. (ILMN) to neutral from outperform.

Analyst Aaron Geist says he downgrades on valuation. He says the company is on track to see revenue contributions from the launch of human whole-genome gene expression products.

Also, the company plans the launch of its Infinium whole-genome genotyping chips in a few weeks. While catalysts for the stock could come from stronger-than-expected traction of new products, he doesn't see additional catalysts until the company has 1 to 2 quarters of performance under its belt.

Geist maintains his 2005 and 2006 estimates as the company continues to pursue opportunities in the genotyping and gene expression market. He keeps his $11 target.


LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus