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Bio-Techne Upgrade Amid Sector Challenges: Strong Q2 Performance and Easing Tariffs in China
ByAinvest
Friday, Aug 22, 2025 6:23 pm ET1min read
Citi Research has upgraded Bio-Techne (TECH) to a "Buy" rating due to strong Q2 performance and easing of tariffs in China. The company's robust performance and promising fiscal 2026 guidance support the upgrade. ICON faces growth challenges due to booking and cancellation issues, leading to a downgrade. The average one-year price target for TECH is $64.26, indicating a potential upside of 17.50% from the current trading price.
Citi Research has upgraded Bio-Techne (TECH) to a "Buy" rating, citing robust Q2 performance and the easing of tariffs in China. The upgrade comes as the company reported strong financial results, including a 5% increase in net sales to $1,219.6 million for fiscal 2025 [1]. The upgrade is supported by promising fiscal 2026 guidance and the company's strategic initiatives.Bio-Techne's Protein Sciences segment, which accounts for approximately 72% of net sales, drove the company's performance. The segment's success is attributed to high-quality biological reagents and proteomic analytical tools. Additionally, the company's Diagnostics and Spatial Biology segment contributed significantly to the overall revenue, representing about 28% of net revenues.
The company's global operations and new product launches, including over 400 new products introduced in fiscal 2025, have further bolstered its market position. Bio-Techne's strategic acquisitions, such as Lunaphore and Wilson Wolf, have also played a crucial role in its growth. The company's focus on innovation and acquisition has been instrumental in its success.
In contrast, ICON faces growth challenges due to booking and cancellation issues, leading to a downgrade by Citi Research. The average one-year price target for TECH is $64.26, indicating a potential upside of 17.50% from the current trading price.
Despite the challenges, Bio-Techne remains optimistic about its future outlook. The company plans to continue its strategic acquisition strategy, with a significant focus on completing the acquisition of Wilson Wolf by 2027. Bio-Techne also anticipates capital additions of approximately $42 million in fiscal 2026, financed through available cash and operational cash flow.
References:
[1] https://www.tradingview.com/news/tradingview:7e4f528105269:0-bio-techne-corp-sec-10-k-report/
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