RBC Capital Maintains Sector Perform Rating for Bio-Techne: Here's What You Need To Know

RBC Capital has decided to maintain its Sector Perform rating of Bio-Techne TECH and lower its price target from $85.00 to $75.00.

Shares of Bio-Techne are trading down 4.06% over the last 24 hours, at $65.76 per share.

A move to $75.00 would account for a 14.05% increase from the current share price.

About Bio-Techne

Based in Minnesota, Bio-Techne is a life sciences manufacturer supplying consumables and instruments for the pharma, biotech, academic, and diagnostic markets. The company reports in two segments, protein sciences (75% of revenue), and diagnostics and genomics (25%). The protein-focused segment makes equipment and associated consumables for protein characterization and analysis and sells antibodies for research and clinical purposes. In diagnostics, Bio-Techne provides controls and calibrators for diagnostic manufacturers and has a portfolio of diagnostic oncology assays. The United States accounts for about 55% of revenue, and the firm also has operations in EMEA (20% of sales), the U.K. (5%), and APAC (15%), with the rest of the world accounting for the remaining 5%.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.