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.
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