Leerink raised the firm’s price target on Idexx Laboratories (IDXX) to $785 from $745 and keeps an Outperform rating on the shares. The firm notes the company’s Q3 print and guide increase were impressive, serving as another reminder of its best-in-class competitive positioning and amenable end markets. Idexx posted strong organic growth in the U.S. and International CAG recurring Dx businesses, underscoring the size of the current diagnostic market opportunity and the company’s ability to execute against it. Idexx clearly continues to execute well, using the growth levers that it has at its disposal to drive results, says Leerink.
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