Goldman Sachs Downgrades Laboratory Corporation of America (LH) to Sell
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Price: $318.13 -1.38%
Rating Summary:
22 Buy, 14 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
22 Buy, 14 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Goldman Sachs downgraded Laboratory Corporation of America (NYSE: LH) from Neutral to Sell with a price target of $76 (down from $87), suggesting 7% downside.
The firm said volumes are unlikely to see material improvement, long-term pricing/margin pressures will persist, and multiple compression is likely as concerns around overtesting and increased healthcare costs mount.
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 $81.40 yesterday.
The firm said volumes are unlikely to see material improvement, long-term pricing/margin pressures will persist, and multiple compression is likely as concerns around overtesting and increased healthcare costs mount.
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 $81.40 yesterday.
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