stock upgrade

Investment banks Canaccord Genuity and Raymond James also raised their price targets on the company.

Canaccord and William Blair also increased their price targets on  Quidel's shares, following its acquisition of certain Alere assets and assays.

Analyst Nicholas Jansen set a price target at $116, pointing to expanding professional lab services, consumer-focused programs, and M&A as growth drivers.

Janney analyst Paul Knight cited a rebound in the company's shares that is due to an expected easy sequential earnings comparison for Q1, among other reasons.

The investment bank Evercore ISI upgraded Illumina's stock in anticipation of sales of its NovaSeq sequencing instrument.

The investment bank provided the updates as part of its 2017 outlook on the US life science tools and diagnostics markets.

The investment bank noted Veracyte's "disciplined" approach to developing and commercializing tests, and said the company stands out in its sector.

The GenomeWeb Index gained more than 5 percent in September, after falling more than 2 percent in August, and outperformed the Nasdaq Biotechnology Index.

The investment bank said it has heard positive feedback from early adopters in Europe of GenMark's ePlex system and respiratory panel.

New products and a more normal 2016-17 flu season could accelerate revenues for Quidel, the investment bank said.

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A former Synthetic Genomics attorney alleges that the firm discriminated against her and other female employees, according to the San Diego Union-Tribune.

Due to privacy and lab certification questions, the planned giveaway of Orig3n testing kits at a Baltimore Ravens game was suspended.

Alnylam reports positive results from its phase 3 clinical trial of an RNAi-based drug, according to Stat News.

In Cell this week: adult mesenchymal cell populations in mouse lung, genetic diversity in HPV16 and cancer risk protection, and more.