UPDATE: Canaccord Genuity Starts Laboratory Corporation of America (LH) at Buy; Having The Keys Of Success

(Updated - June 21, 2012 8:40 AM EDT)

Canaccord Genuity initiates coverage on Laboratory Corporation of America (NYSE: LH) with a Buy. PT $100.00.

Analyst, Jeffrey Frelick, said, "...LabCorp succeeds on what we believe are the keys to a successful commercial laboratory business: price, volume, and efficiencies...LabCorp continues to integrate automation/robotics into testing procedures, its IT offering drives billing efficiencies, and we look for consolidation among its 50 lab sites...LabCorp generates approximately $800M in cash/yr to be used for share repurchases and acquisitions (labs or new testing technologies)."

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 $89.16 yesterday.

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