Jefferies Downgrades Lincare Holdings (LNCR) to Hold; Competing Bids Unlikely

Jefferies downgraded Lincare Holdings (NASDAQ: LNCR) from Buy to Hold with a price target of $41.50 (from $38.00).

Analyst, Brian Tanquilut, said, "Downgrades to Hold given our view that the $41.50 per share cash offer from Linde fully values the company and that a higher, competing offer is unlikely to emerge at this point. Consistent with Linde management's guidance, we expect the deal to close this year as we do not foresee any regulatory hurdles for the transaction."

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 $41.62 yesterday.

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