Jefferies Cuts Numbers on Laboratory Corporation (LH); Low Growth And Uncertain Reimbursement Make For A Good Hold

Jefferies maintains a 'Hold' on Laboratory Corporation of America (NYSE: LH) price target lowered from $98 to $91.

Jefferies analyst says, "Despite the pullback in LH's stock price, we see little reason why the stock should move materially higher given uncertain and anemic volumes and heightened reimbursement risk." (Jefferies loweres FY11 EPS estimate from $6.34 to $6.29 and FY12 from $7.17 to $7.04)

For more ratings news on Laboratory Corporation of America click here and for the rating history of Laboratory Corporation of America click here.

Shares of Laboratory Corporation of America closed at $81.23 yesterday.

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