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UPDATE: Jefferies & Company Reiterates Hold Rating, Lowers PT on Quest Diagnostics

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In a report published Monday, Jefferies & Company reiterated its Hold rating on Quest Diagnostics (NYSE: DGX), but lowered its price target from $63.00 to $59.00.

Jefferies noted, “We continue to have a neutral view on DGX given our belief that ongoing weakness in lab volumes will persist and keep the stock rangebound near-term. While we are optimistic that mgmt's efforts to restructure operations and rationalize expenses will achieve their targets, we recognize that this process, which could be the key catalyst for the stock, will take time to complete.”

Quest Diagnostics closed on Friday at $57.94.

Latest Ratings for DGX

DateFirmActionFromTo
Jul 2014Canaccord GenuityMaintainsHold
Jul 2014CitigroupMaintainsNeutral
May 2014Bank of AmericaUpgradesUnderperformNeutral

View More Analyst Ratings for DGX
View the Latest Analyst Ratings

Posted-In: Jefferies & CompanyAnalyst Color Price Target Analyst Ratings

 

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