Macquarie Downgrades Illumina, Citing Headwinds to Sequencing Business | GenomeWeb

By a GenomeWeb staff reporter

NEW YORK (GenomeWeb News) – Macquarie Capital today downgraded Illumina's stock to Underperform, saying the company faces substantial headwinds moving ahead, including cuts in academic and government funding, excess large-scale sequencing capacity, and an "at best" flat microarray business.

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