UPDATE: Piper Jaffray Raises PT on Life Technologies on Acquisition by Thermo Fisher Scientific

In a report published Monday, Piper Jaffray analyst William R. Quirk reiterated a Neutral rating on Life Technologies Corp. (NASDAQ: LIFE ), and raised the price target from $63.00 to $76.00. In the report, Quirk noted, “Thermo Fisher Scientific (TMO) announced a definitive agreement to acquire Life Technologies for $76/share