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UPDATE: Goldman Sachs Upgrades Quest Diagnostics to Buy on Improved Fundamentals

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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

DateFirmActionFromTo
May 2017ArgusInitiates Coverage OnHold
Apr 2017Raymond JamesUpgradesMarket PerformOutperform
Mar 2017Bank of AmericaUpgradesUnderperformNeutral

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Posted-In: Goldman SachsAnalyst Color Upgrades Analyst Ratings

 

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