Morgan Stanley Raised Its 2011 EPS Estimate For Illumina, Maintained Its OW Rating

Published on Wed, 02/09/2011 - 10:34
By Christie Duffy in analyst, balance, bank, billion, business, buy, credit, dollar, down, downgrade, earn, earnings, eps, finance, financial, firm, General Interest, gross, illumina, loss, margin, million, money, Morgan, moves, NASDAQ, NASDAQ:ILMN, NYSE, overweight, price, profit, rating, report, research, revenue, sell, share, Stanley, stock, target, trend, underweight, up, upgrade, NASDAQ:ILMN, analyst, balance, bank, billion, business, buy, credit, dollar, down, downgrade, earn, earnings, eps, finance, financial, firm, gross, illumina, loss, margin, million, money, morgan, moves, nasdaq, nasdaq:ilmn, nyse, overweight, price, profit, rating, report, research, revenue, sell, share, stanley, stock, target, trend, underweight, up, upgrade, Analyst Insight
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Morgan Stanley raised its 2012 EPS estimate for Illumina (NASDAQ:ILMN) and maintained its overweight rating and $78 price target.

The bank sees 2012 EPS of $1.98, up from $1.97 per share.

Illumina has a potential upside of 5% based on a current price of $70.25 and an average consensus analyst price target of $73.73.

Illumina is currently above its 50-day moving average (MA) of $66.13 and above its 200-day of $51.55.

By Christie Duffy
cduffy@fnno.com

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