J.P. Morgan Maintains Neutral on Luminex

J.P. Morgan is out with its report today on Luminex LMNX, maintaining Neutral. In its report, J.P. Morgan writes, "LMNX continues to trade at a premium valuation (on either P/Sales or P/E) to peers, and we see limited room for multiple expansion, with the potential for a slowdown in bulk purchases in 1H12." J.P. Morgan maintains an $18 PT on LMNX. Shares of LMNX closed Tuesday at $20.92, down 4.74% from Monday's close.