Leerink raised the firm’s price target on Quest Diagnostics (DGX) to $210 from $203 and keeps an Outperform rating on the shares. Q3 results were “another proof point of the near-Goldilocks environment in the lab space,” according to the analyst, who sees the stock action following “another strong quarter” as more likely a result of rotation than any new fundamental worries.
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Read More on DGX:
- Morning Movers: General Motors and RTX higher following Q3 reports
- Quest Diagnostics: Strong Performance and Promising Outlook Justify Buy Rating
- Quest Diagnostics reports Q3 adjusted EPS $2.60, consensus $2.50
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