UPDATE: ISI Group Upgrades Life Technologies to Neutral on Core Growth Improvement

ISI Group upgrades Life Technologies LIFE from Cautious to Neutral and raised the price target from $57.00 to $65.00. ISI Group noted, "Life Technologies posted solid 4Q results, with improved organic growth and initial FY13 guidance modestly above expectations. … Upcoming catalysts for LIFE include any announcements coming from the annual strategic review, including a sale to a strategic or LBO. Additionally, we look for updates on government funding levels (particularly the NIH) and sequestration as LIFE is heavily dependent on both." Life Technologies closed at $63.02 on Monday.