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UPDATE: Deutsche Bank Upgrades Laboratory Corp. of America on Room for Upside Surprise

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In a report published Monday, Deutsche Bank analyst Darren Lehrich upgraded the rating on Laboratory Corp. of America (NYSE: LH) from Hold to Buy, and raised the price target from $95.00 to $98.00.

In the report, Deutsche Bank noted, “Everything about LH's 2014 guidance feels kitchen-sinked, thus leaving room for upside surprise if even the slightest things go right. Throw in the possibility of a major cost reduction plan (hinted to on Q4 CC), and we believe LH's margin structure heading into well-anticipated 2015+ Medicare fee schedule cuts could realistically leave LH better positioned vs. expectations.”

Laboratory Corp. of America closed on Friday at $89.15.

Latest Ratings for LH

DateFirmActionFromTo
Apr 2021Truist SecuritiesMaintainsAbove AverageBuy
Feb 2021MizuhoMaintainsBuy
Feb 2021CitigroupMaintainsBuy

View More Analyst Ratings for LH
View the Latest Analyst Ratings

 

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Posted-In: Darren Lehrich Deutsche BankAnalyst Color Upgrades Analyst Ratings

Latest Ratings

StockFirmActionPT
GIKColliers SecuritiesInitiates Coverage On14.0
SANWLake StreetInitiates Coverage On6.0
LILAMorgan StanleyDowngrades15.0
BEJP MorganUpgrades36.0
NEXACredit SuisseUpgrades11.0
View the Latest Analytics Ratings
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