PerkinElmer Shares Rise on Upgrade

Aug 13, 2009

NEW YORK (GenomeWeb News) – Shares of PerkinElmer were up 5 percent in late Thursday afternoon trade on the New York Stock Exchange after investment bank Thomas Weisel Partners upgraded the firm's stock to "overweight" from "market weight."

Peter Lawson, an analyst for the bank, also raised his price target on PerkinElmer's shares to $20 from his previous target of $18.

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