Jefferies Upgrades Lincare Holdings (LNCR) to Buy; If Takeout Doesn't Materialize, They'll Become The Acquirer
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Price: $41.49 --0%
Rating Summary:
1 Buy, 4 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Rating Summary:
1 Buy, 4 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Trade LNCR Now!
Jefferies upgraded Lincare Holdings (NASDAQ: LNCR) from Hold to Buy with a price target of $38.00 (from $27.00).
Analyst, Brian Tanquilut, said, "Our view is that the company is now in play, whether or not the FT article -- which noted an ongoing sale process -- holds true. In the event that a deal for LNCR does not go through, we could see downside to $25 (but could sell for $40+), but we believe this pressure will be short-lived as management will likely pursue an accretive acquisition fairly quickly (i.e., mgmt recently noted their interest in acquiring Rotech Healthcare (OTCBB: ROHI)(Hold-rated)."
FY13 bumped from $2.38 to $2.44, but revs cut from $2.162.2B to $2.086.6B.
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 $32.30 yesterday, with a 52 week range of $19.65-$33.19.
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Analyst, Brian Tanquilut, said, "Our view is that the company is now in play, whether or not the FT article -- which noted an ongoing sale process -- holds true. In the event that a deal for LNCR does not go through, we could see downside to $25 (but could sell for $40+), but we believe this pressure will be short-lived as management will likely pursue an accretive acquisition fairly quickly (i.e., mgmt recently noted their interest in acquiring Rotech Healthcare (OTCBB: ROHI)(Hold-rated)."
FY13 bumped from $2.38 to $2.44, but revs cut from $2.162.2B to $2.086.6B.
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 $32.30 yesterday, with a 52 week range of $19.65-$33.19.
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