UPDATE: Goldman Sachs Upgrades Quest Diagnostics to Buy on Improved Fundamentals
In a report published Thursday, Goldman Sachs analyst Isaac Ro upgraded the rating on Quest Diagnostics (NYSE: DGX) from Neutral to Buy, and raised the price target from $56.00 to $67.00.
In the report, Ro noted, “We upgrade shares of DGX to Buy from Neutral and raise our 6-month price target to $67 (from $56), which implies 17% upside. After underperforming the S&P, HC peers, and direct comp LH over the past 12 months, we believe DGX is now poised for a turnaround and we see multiple catalysts to drive share outperformance.”
Quest Diagnostics closed on Wednesday at $57.30.
Latest Ratings for DGX
|Mar 2015||Canaccord Genuity||Upgrades||Hold||Buy|
|Mar 2015||Barclays||Initiates Coverage on||Equalweight|
|Feb 2015||Bank of America||Downgrades||Neutral||Underperform|
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