President Obama's FY2012 Budget Details Released

Deutsche Bank has published a research report on Healthcare Services & Technology after President Obama released details on his FY2012 budget this morning.

In the report, Deutsche Bank writes "The budget is primarily focused on deficit reduction, but the budget for the NIH was actually provided a small boost with a proposed $32 billion of funding for FY12. This would represent a $740 million increase over the final FY10 budget level. This proposal counteracts the continuing resolution proposed by House Republicans over the weekend. As part of the $100 billion in proposed savings to the President's initial FY11 budget, the proposal calls for ~$1.6 billion in reductions to the NIH budget."

Companies related to this report include:

Agilent Technologies (NYSE: A), $45.02 Buy, Price Target $50.00

Affymetrix (NASDAQ: AFFX), $5.30 Hold, Price Target $5.00

Bruker Corp. (NASDAQ: BRKR), $18.73 Buy, Price Target $22.00

Illumina (NASDAQ: ILMN), $73.66 Buy, Price Target $79.50

Life Technologies Corp. (NASDAQ: LIFE), $54.38 Hold, Price Target $62.00

Pacific Biosciences (NASDAQ: PACB), $16.07 Buy, Price Target $18.00

PerkinElmer (NYSE: PKI), $27.03 Buy, Price Target $30.00

Thermo Fisher (NYSE: TMO), $57.85 Buy, Price Target $74.00

Waters (NYSE: WAT), $79.87 Hold, Price Target $87.00