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UPDATE: Citi Upgrades Life Technologies to Buy

According to Citi, Life Technologies (NASDAQ: LIFE) is upgraded to Buy.

Citi said that it is upgrading to Buy (from Neutral) and increasing its target to $56 (from $52). “We believe the Ion Torrent platform will generate about $140-150M in revs for LIFE in 2012 (up from about $70M in 2011). See our 2/21 AGBT Wrap Up note and 2/21 Oxford note for more details.”

Life Technologies closed on Friday at $45.92.

Posted-In: CitiAnalyst Color Upgrades Analyst Ratings

 

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