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Fly News Breaks for November 29, 2018
DGX
Nov 29, 2018 | 05:18 EDT
Piper Jaffray analyst William Quirk says the headwinds that drove Quest Diagnostics' reduced fiscal 2018 guidance are mostly weather related and short-term in nature. The updated guidance reflects volume softness due to Hurricane Michael, California Wildfires and the recent East Coast weather, Quirk tells investors in a research note. As such, the analyst believes the outlook reduction is "largely a one-time event." He keeps a Neutral rating on the shares with a $110 price target.
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