UPDATE: Deutsche Bank Raises PT to $19.50 on Fluidigm

Deutsche Bank increases its price target on Fluidigm

to $19.50, up $3.50, as it reiterates the stock's Buy rating on continued secular growth. Deutsche Bank's key takeaways were: "Key takeaways: 1) Rev beat driven by strong consumables, primarily single cell analysis and AgBio applications; 2) Installed base of instruments at 540, with Access Array more than doubling in 2011; 3) Initiates FY12 product rev guidance in the range of 25%-30%, which is above DBe at midpoint." FLDM closed at $14.76 a share on Tuesday.