Citi analyst Patrick Donnelly raised the firm’s price target on Quest Diagnostics (DGX) to $185 from $165 and keeps a Buy rating on the shares post the Q3 report. Integrating LifeLabs was the primary driver of the updated guidance along with continued elevated utilization trends, the analyst tells investors in a research note. The firm remains constructive on Quest citing its defensive nature around an election cycle and safer out year estimates.
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