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LH

LabCorp

$161.78

-3.22 (-1.95%)

06:59
11/30/18
11/30
06:59
11/30/18
06:59

LabCorp cuts FY18 free cash flow view to $940M-$980M from $975M-$1.025B

LH LabCorp
$161.78

-3.22 (-1.95%)

11/30/18
GSCO
11/30/18
DOWNGRADE
Target $90
GSCO
Neutral
Quest Diagnostics downgraded to Neutral from Buy at Goldman Sachs
Goldman Sachs analyst Patrick Donnelly downgraded Quest Diagnostics (DGX) to Neutral and lowered his price target for the shares to $90 from $110. The analyst also downgraded his coverage view of Labs from Attractive to Neutral and removed LabCorp (LH) from his firm's Americans Conviction List. Donnelly's "incrementally more cautious stance" reflects his expectation for continued downward pressure to consensus estimates from ongoing pricing pressure, a "muted" volume outlook, and uncertainty regarding ongoing commercial payer dynamics. He sees an "uneven path to long-term organic volume growth" for Quest.
11/30/18
GSCO
11/30/18
DOWNGRADE
Target $180
GSCO
Buy
LabCorp downgraded to Buy from Conviction Buy at Goldman Sachs
Goldman Sachs analyst Patrick Donnelly removed LabCorp from his firm's Americas Conviction List and lowered his price target for the shares to $180 from $190. He keeps a Buy rating on the stock. The analyst also downgraded his coverage view of Labs from Attractive to Neutral. His "incrementally more cautious stance" reflects his expectation for continued downward pressure to consensus estimates from ongoing pricing pressure, a "muted" volume outlook, and uncertainty regarding ongoing commercial payer dynamics. However, he believes LabCorp is "uniquely positioned to offset Lab industry headwinds."
11/28/18
PIPR
11/28/18
NO CHANGE
PIPR
Piper sees 'incremental winners' in final Clinical Laboratory Fee Schedule
CareDx (CDNA), Genomic Health (GHDX), LabCorp (LH), Myriad Genetics (MYGN), Natera (NTRA) and Quest Diagnostics (DGX) are the "incremental winners" in the 2019 Final Clinical Laboratory Fee Schedule determinations announced by the Centers for Medicare and Medicaid Services, Piper Jaffray analyst William Quirk tells investors in a research note. Specifically, CMS priced the advanced carrier screening panel at $2,449 versus the code stack method yesterday, Quirk writes. He points out that Genomic Health gets a bump for a couple tests and CareDx competitor TAI Diagnostics ends up with a likely longer pathway to reimbursement.
10/30/18
10/30/18
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. LabCorp (LH) downgraded to Hold from Buy at Argus with analyst Jasper Hellweg saying the company is faced with pressure from "lower lab testing payment rates mandated by the Protecting Access to Medicaid Act of 2014" along with business disruptions and the impact of acquisitions which resulted in lowers margins for the quarter. 2. E-Trade (ETFC) downgraded to Outperform from Strong Buy at Raymond James with analyst Patrick O'Shaughnessy saying the recent board decision not to sell the business and remain a standalone company takes a sales scenario off the table. The analyst remains positive on shares ans believes there is plenty of upside as management executes on its operating plan. 3. Southwest (LUV) downgraded to Underweight from Neutral at JPMorgan while United Continental (UAL) and Spirit Airlines (SAVE) downgraded to Neutral from Overweight. 4. Flex (FLEX) downgraded to Hold from Buy at Argus with analyst Jim Kelleher citing the expected impact from the "shutdown of Mexican operations with key customer Nike (NKE), which he expects to be fully unwound," as well as the retirement of the company CEO Mike McNamara who had presided over the company's business expansion. 5. Elevate Credit (ELVT) downgraded to Market Perform from Outperform at JMP Securities and William Blair. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

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DIS

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AAPL

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TMUS

T-Mobile

$78.59

0.89 (1.15%)

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WVE

Wave Life Sciences

$30.43

0.2 (0.66%)

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BA

Boeing

$371.18

4.71 (1.29%)

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Canada agency: Official's email on 737 reflects working-level view, Reuters says »

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CACI

CACI

$231.32

-4.2 (-1.78%)

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CACI awarded $112.53M Army contract modification »

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  • 03

    Dec

AGO

Assured Guaranty

$48.65

-0.03 (-0.06%)

17:35
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Assured Guaranty CIO buys 25.5K shares of common stock »

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NFLX

Netflix

$310.48

-1.4 (-0.45%)

, DIS

Disney

$148.25

1.34 (0.91%)

17:33
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Periodicals
Netflix internal data shows company not hurt by Disney+, Bloomberg says »

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NFLX

Netflix

$310.48

-1.4 (-0.45%)

DIS

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$148.25

1.34 (0.91%)

AAPL

Apple

$261.81

-0.23 (-0.09%)

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  • 09

    Dec

  • 10

    Dec

OYST

Oyster Point Pharma

$14.84

0.64 (4.51%)

17:24
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Oyster Point Pharma discloses 'positive' Phase 1 results for OC-01 nasal spray »

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SACH

Sachem Capital

$4.21

(0.00%)

17:19
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11/22
17:19
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17:19
Hot Stocks
Sachem Capital co-CEO Villano steps down »

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INTC

Intel

$57.63

-0.61 (-1.05%)

17:18
11/22/19
11/22
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Intel board member Goetz buys $5.04M in stock »

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  • 02

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  • 23

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SWAV

ShockWave Medical

$38.00

0.18 (0.48%)

17:12
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ShockWave Medical CEO sells 30K shares of common stock »

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SAEX

SAExploration

$2.61

0.16 (6.53%)

17:01
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SAExploration receives Nasdaq non-compliance letter »

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OFG

OFG Bancorp

$20.48

0.17 (0.84%)

17:00
11/22/19
11/22
17:00
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Hot Stocks
OFG Bancorp buys 40K shares of common stock »

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MO

Altria Group

$49.00

0.17 (0.35%)

, BTI

British American Tobacco

$38.15

-0.21 (-0.55%)

16:47
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POTUS in favor of raising minimum vaping age to 21, MarketWatch says »

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MO

Altria Group

$49.00

0.17 (0.35%)

BTI

British American Tobacco

$38.15

-0.21 (-0.55%)

IMBBY

Imperial Brands

$0.00

(0.00%)

PM

Philip Morris

$82.39

-1.08 (-1.29%)

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  • 30

    Jan

HIBB

Hibbett Sports

$28.64

3.57 (14.24%)

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Hibbett Sports analyst commentary at Baird »

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  • 22

    Nov

MSCI

MSCI

$257.97

2.295 (0.90%)

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CBS

CBS

$39.53

0.54 (1.39%)

, VIA

Viacom

$26.06

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CBS

CBS

$39.53

0.54 (1.39%)

VIA

Viacom

$26.06

-0.03 (-0.11%)

VIAB

Viacom

$23.64

0.38 (1.63%)

ICE

IntercontinentalExchange

$93.70

-0.19 (-0.20%)

NDAQ

Nasdaq

$104.36

-0.31 (-0.30%)

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  • 09

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DIS

Disney

$148.25

1.34 (0.91%)

16:32
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Disney sees 'Frozen 2' having possible $40M opening day, Bloomberg says »

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BCRH

Blue Capital

$7.00

(0.00%)

16:31
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Blue Capital declares special distribution of 57c per common share »

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16:30
11/22/19
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Options
Preliminary option volume of 18.4M today »

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STX

Seagate

$59.27

-0.21 (-0.35%)

16:24
11/22/19
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Seagate chairman sells 90K shares of common stock »

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AEL

American Equity

$29.12

0.155 (0.54%)

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American Equity raises annual dividend 7% to 30c per share »

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VIX

Volatility Index S&P 500 Options

$0.00

(0.00%)

16:20
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Options
Closing CBOE SPX and VIX Index summary for November 22nd »

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MS

Morgan Stanley

$49.25

0.4 (0.82%)

16:18
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Hot Stocks
Morgan Stanley's Rooney sells over 50,000 common shares »

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  • 03

    Dec

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TSLA

Tesla

$332.91

-21.91 (-6.18%)

, GPS

Gap

$16.92

0.7 (4.32%)

16:17
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On The Fly
Fly Intel: Wall Street's top stories for Friday »

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TSLA

Tesla

$332.91

-21.91 (-6.18%)

GPS

Gap

$16.92

0.7 (4.32%)

UBER

Uber

$29.57

0.11 (0.37%)

CVX

Chevron

$118.62

-0.18 (-0.15%)

LB

L Brands

$18.01

0.83 (4.83%)

JWN

Nordstrom

$37.96

3.67 (10.70%)

SPLK

Splunk

$140.52

13.72 (10.82%)

PSTG

Pure Storage

$16.85

-2.99 (-15.07%)

FL

Foot Locker

$40.24

-1.22 (-2.94%)

WSM

Williams-Sonoma

$67.44

-1.325 (-1.93%)

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