Raymond James Downgrades Covance (CVD) to Market Perform
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KeyBanc Downgrades Covance (CVD) to Hold
November 5, 2014 7:20 AM ESTKeyBanc downgraded Covance (NYSE: CVD) from Buy to Hold and removed its price target.
Analyst Donald Hooker said, "We are downgrading Covance Inc. (CVD-NYSE) to HOLD following its agreement to be acquired by LabCorp (LH-NYSE) for $105 per share, or a ~32% premium to its previous... More
Credit Suisse Downgrades Covance (CVD) to Neutral
November 4, 2014 11:07 AM ESTCredit Suisse downgraded Covance (NYSE: CVD) from Outperform to Neutral with a price target of $103.00 (from $97.00).
Analyst Jeffrey Bailin said, "Yesterday morning, LH announced a definitive agreement to acquire CVD for a 32% premium to Friday's close (or
$105.12). The deal consideration is... More
UBS Downgrades Covance (CVD) to Neutral
November 4, 2014 7:57 AM ESTUBS downgraded Covance (NYSE: CVD) from Buy to Neutral.
For an analyst ratings summary and ratings history on Covance click here. For more ratings news on Covance click here.
Shares of Covance closed at $100.57 yesterday.
... MoreWilliam Blair Downgrades Covance (CVD) to Market Perform
November 4, 2014 7:46 AM ESTWilliam Blair downgraded Covance (NYSE: CVD) from Outperform to Market Perform.
For an analyst ratings summary and ratings history on Covance click here. For more ratings news on Covance click here.
Shares of Covance closed at $100.57 yesterday.
... MoreLabCorp (LH) to Acquire Covance (CVD) in $6.1B Cash and Stock Deal
November 3, 2014 6:07 AM ESTLaboratory Corporation of America Holdings (NYSE: LH) entered into a definitive agreement to acquire Covance Inc. (NYSE: CVD) for $105.12 per Covance share in cash and stock, or an equity value of approximately $6.1 billion and an enterprise value of approximately $5.6 billion.
The combination will create the worlds leading healthcare diagnostics company, capitalizing on LabCorps industry leadership in medical testing and Covances leadership in contract research.
Under the terms of the agreement, which has been approved by the Boards of Directors of both companies, Covance shareholders will... More
