Jefferies Raises Price Target On Lincare Holdings (LNCR) to $27

Jefferies raised its price target on Hold-rated Lincare Holdings (NASDAQ: LNCR) from $25 to $27.

The firm comments, "We are maintaining our cautious view on DME reimbursement given our belief that the lack of fundamental changes to competitive bidding rules could result in steep Round 2 rate cuts that could mirror the rate adjustments seen in Round 1 (~30%). Given this key reimbursement overhang, coupled with the stock's recent run-up, we are maintaining our Hold rating on LNCR. Transitioning lead coverage of LNCR to Brian Tanquilut."

For an analyst ratings summary and ratings history on Lincare Holdings click here. For more ratings news on Lincare Holdings click here.

Shares of Lincare Holdings closed at $25.79 yesterday.

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