Jefferies Reiterates a 'Hold' on Lincare Holdings (LNCR); Not Enough Oxygen In This Tank Yet

Jefferies reiterates a 'Hold' on Lincare Holdings (NASDAQ: LNCR) price target cut from $29 to $25.

Jefferies analyst says, "Despite LNCR's strong management team and good cash flow outlook, we remain reluctant to get aggressive with LNCR at this point given soft organic growth trends, declining margins, comp bidding risk, and additional potential reimbursement pressure." (Jefferies lowers FY11 EPS estimate from $2.11 to $1.92 and FY12 from $2.44 to $2.26)

For more ratings news on Lincare Holdings click here and for the rating history of Lincare Holdings click here.

Shares of Lincare Holdings closed at $21.71 yesterday.

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