Jefferies Drops Coverage of Bio-Reference Labs (BRLI) After TheStreetSweeper Report

November 14, 2011 7:58 AM EST Send to a Friend
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Price: $28.51 --0%

Rating Summary:
    2 Buy, 2 Hold, 0 Sell

Rating Trend: Up Up

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    Up: 0 | Down: 3 | New: 2
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Jefferies dropped coverage of Bio-Reference Labs (Nasdaq: BRLI) due to increased
business uncertainties. The firm's latest rating was "Under Review" and our last price target was $21.

"In light of increased business uncertainties, as per our Research Note dated 11/10/11 and titled "Report Puts BRLI Under High-Powered Microscope", in which we referenced an article by TheStreetSweeper, an online research organization, we do not believe we are in a position to provide a recommendation on Bio-Reference Laboratories (BRLI). As a result, we are dropping coverage of the company effective immediately."


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