UPDATE: Deutsche Bank Raises PT to $100 on LabCorp of America

Deutsche Bank raises its price target to $100 from $94 on LabCorp of America (NYSE: LH) on mixed results from Q4.

Deutsche Bank says, "EPS beat and margins demonstrated progress w/M&A integration, yet rev was slightly below expectations. On a sql w/Q3, mgmt characterized MCO pricing as better and vols as stable. The deceleration in rev growth during 2H has colored mgmt's 2012 outlook of 2-3.5% to be below the 4-6% "foundation model". We believe there are upside risks to rev growth as demand picks up, but even w/+3.5% rev growth, our EPS growth est. points to low-teens (repo and M&A margin gains)."

LH closed at $90.03 on Friday.