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Fly News Breaks for February 7, 2019
LH
Feb 7, 2019 | 12:21 EDT
Piper Jaffray analyst William Quirk says LabCorp's Q4 results were in-line with the company's lowered guidance. Expect to see more deal activity as well as share buy backs with capital allocation priorities shifting in 2019, Quirk tells investors in a post-earnings research note. He believes "most of the bad news" is already reflected in LabCorp's valuation. As such, he maintains an Overweight rating on the shares with a $177 price target.
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