Evercore ISI analyst Elizabeth Anderson initiated coverage of Labcorp with an In Line rating and $240 price target. The analyst sees the company’s revenue growth expanding by a sustainable mid-single-digits over time. However, the firm finds the Labcorp’s margin expansion target more challenging. The uncertainty around the margin trajectory and current valuation warrant a neutral rating, the analyst tells investors in a research note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on LH: