Goldman Sachs Downgrades Laboratory Corporation of America (LH) to Sell

Goldman Sachs downgraded Laboratory Corporation of America (NYSE: LH) from Neutral to Sell with a price target of $83.00 (from $85.00).

The downgrade goes as the firm sees better relative upside to others stocks in the sector. The sell rating is based on: (1) any volume upside driven from the Affordable Care Act (ACA) is likely to come at the cost of pricing and margins, (2) upside to consensus EPS will depend on an increasing amount of financial leverage, and (3) aggressive capital allocation is unlikely to drive significant multiple expansion

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 $82.40 yesterday.

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