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Fly News Breaks for April 28, 2015
LH
Apr 28, 2015 | 08:04 EDT
Baird said Q1 results for LabCorp show lab trends are improving but that is not reflected in its guidance. The firm believes the synergy assumptions with its Covance merger are beatable, buy side enthusiasm remains tempered, and significant deleveraging points to upside for LabCorp shares. Baird reiterated its Outperform rating and $140 price target on LabCorp shares.
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