Deutsche Bank Upgrades Lincare Holdings (LNCR) to Buy
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Deutsche Bank upgrades Lincare Holdings (Nasdaq: LNCR) from Hold to Buy. Price target increased from $34 to $36.
Deutsche analyst says, "Our upgrade comes in light of recent weakness in LNCR shares, and is underpinned by the company's strong fundamental outlook and ability to exceed expectations, in our view. LNCR offers a basic set of services/products that are not economically sensitive nor which have collections risk. LNCR has a strong balance sheet, powerful FCF and what we see as an attractive valuation."
Lincare Holdings Inc. (Lincare) is a provider of oxygen and other respiratory therapy services to patients in the home.
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