Canaccord lowered the firm’s price target on Illumina (ILMN) to $115 from $135 and keeps a Hold rating on the shares. The firm’s target reduction reflects the uncertainty in China as the company is not permitted to export sequencing instruments into China. Illumina then lowered its 2025 guidance for non-GAAP diluted EPS to about $4.50 from a range of $4.50-4.65, given the China headwinds.
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