Mizuho lowered the firm’s price target on Quest Diagnostics to $150 from $165 and keeps a Buy rating on the shares. The analyst reduced estimates following the company’s Q4 results and initial 2024 guidance, which came in below expectations mainly due to higher interest costs. While operating margins were a disappointment, 2024 is a reset year for Quest as the company should return to long-term growth rates in 2025, the analyst tells investors in a research note.
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