Goldman Sachs Upgrades Laboratory Corporation of America (LH) to Neutral

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Goldman Sachs upgraded Laboratory Corporation of America (NYSE: LH) from Sell to Neutral with a price target of $86.00 (from $79.00).

The firm cited: (1) a stable volume outlook, (2) strong FCF generation and balance sheet stability, (3) limited-to-zero exposure to ex-US macro uncertainty.

Notably, the price target still represents 7.1% downside.

For an analyst ratings summary and ratings history on Laboratory Corporation of America click here. For more ratings news on Laboratory Corporation of America click here.

Shares of Laboratory Corporation of America closed at $92.61 yesterday, with a 52 week range of $74.57-$99.76.

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