Mizuho Initiates Coverage of Affymetrix with Outperform Rating | GenomeWeb

By a GenomeWeb staff reporter

NEW YORK (GenomeWeb News) – Calling Affymetrix a "turnaround story," investment firm Mizuho Securities initiated coverage of the microarray firm with an Outperform rating and a price target of $6 per share.

In a research report published Thursday, analyst Peter Lawson estimated Affy's 2011 loss per share at $.06 on revenues of $275.7 million.

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