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Home » Tools & Technology » Sequencing » Illumina Upgraded to Overweight by Piper Sandler

Illumina Upgraded to Overweight by Piper Sandler

Dec 22, 2020
|
staff reporter

NEW YORK – Piper Sandler on Tuesday upgraded its rating for Illumina to Overweight with a new price target of $415, following conversations with the management teams of Illumina and cancer diagnostics firm Grail, which Illumina is in the process of acquiring.

In a note to investors, Piper Sandler analysts Steven Mah and Rachel Vatnsdal wrote that the upgrade reflects "increased confidence in Grail and [Illumina's] core NGS business."

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