By: Benzinga
January 07, 2013 at 12:16 PM EST
UPDATE: Piper Jaffray Reiterates Neutral Rating, Raises PT on Sequenom
In a report published Monday, Piper Jaffray & Co. reiterated its Neutral rating on Sequenom (NASDAQ: SQNM ), and slightly raised its price target from $4.50 to $5.00. Piper Jaffray noted, “Sequenom announced positive preliminary 2012 results, with revenue increasing ~59% year-over-year, implying 4Q12 revenue of ~$33M, favorable to both
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