Deutsche Bank Maintains a 'Hold' on Lincare Holdings (LNCR); Raising PT on Acquisition News

July 2, 2012 4:53 PM EDT
Get Alerts LNCR Hot Sheet
Price: $41.49 --0%

Rating Summary:
    1 Buy, 4 Hold, 1 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 18 | Down: 18 | New: 11
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Deutsche Bank maintains a 'Hold' on Lincare Holdings (NASDAQ: LNCR) price target of $41.50 (from $29.00).

Deutsche analyst said, "In light of the take-over offer by German industrial gas company, Linde, we are raising our price target. We expect the Linde-LNCR deal to close by the end of Q3'2012 and consider the deal certainty to be high-probability given the fact that LNCR reportedly ran an auction process and the fact that Linde has strong financing commitments. Maintain rating given the move in the stock, although we are raising published estimates to reflect higher conviction around CB2 mitigation plans."

For an analyst ratings summary and ratings history on Lincare Holdings click here. For more ratings news on Lincare Holdings click here.

Shares of Lincare Holdings closed at $34.02 yesterday.

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