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LMNX - Luminex News Story

$36.86 -0.1  -0.1%

Last Trade - 07/05/21

Sector
Healthcare
Size
Mid Cap
Market Cap £1.23bn
Enterprise Value £1.15bn
Revenue £300.6m
Position in Universe 2375th / 6854

BUZZ-Luminex Corp: Falls as J.P. Morgan downgrades to "underweight"

Fri 27th September, 2019 4:21pm
** Shares of medical equipment maker  LMNX.O  fall ~5% to
$20.7 as J.P. Morgan downgrades it to "underweight" from
"neutral"
    ** Cuts PT to $21 from $23
    ** While LMNX's organic growth in 2020 could rise on the
back of new products, their launch remains a "show-me" story
amid intensifying competition - JPM
    ** 1 of 5 brokerages covering LMNX rates the stock "strong
buy", 3 "hold" and 1 "sell"; median PT is $24, down from $25.5
in June
    ** Up to Thursday's close, LMNX was down 6.1% YTD
    

 (Reporting by Manojna Maddipatla in Bengaluru)
 ((manojna.kalyani@thomsonreuters.com; within the U.S. +1 646
223 8780, outside the U.S. +91  80 6749 1692))
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