Market Overview

UPDATE: Citigroup Reduces PT to $55 on Life Technologies on Updated 2012 EPS

Share:
Related LIFE
Mid-Afternoon Market Update: Eagle Bulk Shipping Falls Following $105 Million Liquidity Raise Announcement; Sky Solar Shares Jump
Mid-Day Market Update: Progress Software Drops On Weak Results; Medivation Shares Surge
Exploring Graham's Net-Net Working Capital Strategy, Part 2: Avoid Investing Like Icarus (Seeking Alpha)

Citigroup reiterated its Buy rating on Life Technologies (NASDAQ: LIFE) and reduced its price target from $56 to $55 on spending environment uncertainty.

Citigroup commented, "The Academic/Gov't spending environment will be top of mind for 2Q considering performance in 2Q11 though management commented last quarter that they did not expect any notable downturns during 2012. We also expect updated sales data on the Ion PGM as well as the status of launch plans/data release for the Ion Proton. Investors will also continue to be focused on operating margin expansion where management expects 50-100bps of improvement in 2012 with about 50bps of gross margin expansion."

Life Technologies closed at $43.34 on Friday.

Latest Ratings for LIFE

DateFirmActionFromTo
Mar 2016William BlairDowngradesOutperformMarket Perform
Dec 2015CitigroupInitiates Coverage onNeutral
Jun 2015JP MorganInitiates Coverage onOverweight

View More Analyst Ratings for LIFE
View the Latest Analyst Ratings

Posted-In: CitigroupAnalyst Color Price Target Intraday Update Analyst Ratings

 

Related Articles (LIFE)

View Comments and Join the Discussion!