UBS analyst Andrea Alfonso reiterated a Neutral rating and $730.00 price target on IDEXX Laboratories (NASDAQ: IDXX).

The analyst commented, "We spoke with IDEXX this week ahead of quarter end; management noted that the company is well positioned to navigate the current dynamic environment, including geopolitical issues. That said, one major takeaway is that fuel costs represent a relatively small portion of the overall cost structure, though impacts are felt immediately given fuel’s linkage to spot pricing (labor, by and large, remains the largest contributor to product costs)."

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Shares of IDEXX Laboratories closed at $578.51 yesterday.