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Labcorp price target raised to $253 from $241 at Baird

Baird analyst Eric Coldwell raised the firm’s price target on Labcorp to $253 from $241 and keeps an Outperform rating on the shares. The firm said its higher-than-anticipated 2024 EPS guidance feels achievable. LCD base volume remains strong, with price/mix slightly positive, and slight margin expansion expected despite COVID comps and Q1 weather headwind.

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