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UPDATE: Citigroup Reiterates Illumina at Neutral on Valuation

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Citigroup maintained Illumina (NASDAQ: ILMN) at Neutral with a $51 price target.

Citigroup commented, "We expect the stock to be under pressure today as investors question the deal valuation/near-term $0.20 EPS dilution of the Verinata deal, the longer term impact of ILMN competing with its own customers (i.e., SQNM), and the level (if any) of Roche takeout premium to still ascribe to the stock. We remain on the sidelines on ILMN stock given the stock's current multiple and level of investment required/EPS power for the company in 2013."

Illumina closed at $54.76 on Friday.

Latest Ratings for ILMN

DateFirmActionFromTo
Jan 2015JP MorganMaintainsOverweight
Oct 2014Stifel NicolausMaintainsBuy
Oct 2014Credit Suisse

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Posted-In: CitigroupAnalyst Color Reiteration Intraday Update Analyst Ratings

 

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