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LH

LabCorp

$163.81

1.24 (0.76%)

17:27
06/03/19
06/03
17:27
06/03/19
17:27

LabCorp announces new term loan facility

LabCorp entered into a new Term Loan Credit Agreement, which provides for a two-year term loan credit facility in the principal amount of $850M. Bank of America, N.A. is acting as administrative agent for a group of financial institutions providing the New Term Loan Facility. The proceeds from the borrowings under the New Term Loan Facility will be used for general corporate purposes, including to repay other indebtedness and in connection with the previously announced acquisition of the nonclinical research services business of Envigo International Holdings. The entire $850M principal amount of the New Term Loan Facility was advanced on June 3, with approximately $250M of the proceeds being applied to repay a portion of amounts outstanding under LabCorp's prior term loan credit facility entered into on September 15, 2017.

  • 05

    Jun

LH LabCorp
$163.81

1.24 (0.76%)

04/30/19
PIPR
04/30/19
NO CHANGE
PIPR
Overweight
Piper says LabCorp may be taking incremental volume from regional payers
After LabCorp (LH) reported a mixed Q1, with better than expected earnings and lower than expected revenue, Piper Jaffray analyst William Quirk said he found it interesting that management noted volumes from UnitedHealth (UNH) and CVS Health's (CVS) Aetna is stable after the initial decline in January. He thinks this implies that LabCorp and Quest (DGX) are likely taking some incremental volume from regional payers, adding that this is sooner than he anticipated following the new managed care deals. However, management "remains coy" about the future impact from other volume consolidating programs, such as UnitedHealth's Preferred Lab Network, according to Quirk. He keeps an Overweight rating on LabCorp shares.
05/14/19
RAJA
05/14/19
NO CHANGE
RAJA
Walgreens could target Amerisource, LabCorp if it seeks M&A, says Raymond James
Raymond James analyst John Ransom said he thinks that "the temptation" for Walgreens (WBA) to do "something" in terms of M&A will grow over time and the "something" it may consider could include either acquiring AmerisourceBergen (ABC) or LabCorp (LH). His analysis points to LabCorp being a less complicated, "but much less accretive," deal, said Ransom. Given Walgreens' existing ownership of about a 26% stake in AmerisourceBergen, he estimates 16% accretion from buying the company for $95 per share in cash if he assumes $500M of synergies and $2B of opioid fines financed with debt, the analyst tells investors. Though such a deal would make financial sense, he does not think investors would "be overly excited about the strategic upside," Ransom tells investors. While he argues that LabCorp "offers more strategic upside," such a hypothetical deal also has less financial benefit, according to Ransom.
05/20/19
MZHO
05/20/19
NO CHANGE
Target $174
MZHO
Neutral
LabCorp price target raised to $174 from $150 at Mizuho
Mizuho analyst Ann Hynes raised her price target for Neutral-rated LabCorp (LH) to $174 from $150 and for Buy-rated Quest Diagnostics (DGX) to $110 from $106. Despite the recent outperformance in the group, both stocks will continue to re-rate higher as investors anticipate the long-term upside potential from UnitedHealth (UNH) lab initiatives, Hynes tells investors in a research note. The analyst thinks UnitedHealth's initiatives to form a preferred lab network and focus on out-of-network lab spend will bring greater pricing transparency to the clinical lab industry. She sees both LabCorp and Quest benefiting over time.
05/30/19
PIPR
05/30/19
NO CHANGE
Target $45
PIPR
Overweight
Myriad Genetics trading 'well below slower growing' peers, says Piper Jaffray
Piper Jaffray analyst William Quirk says Myriad Genetics (MYGN) management remains optimistic over incremental private payer coverage for GeneSight, but points out they are now guiding to finalized decisions by calendar year end, which is about three-to-six months later than his previous expectations. Quirk suspects the negotiations are taking longer than expected due to the study dynamics. The analyst, while appreciating investors' frustration over Myriad shares, believes the stock is trading "well below slower growing" LabCorp (LH) and Quest Diagnostics (DGX). A couple reimbursement wins will be enough to create a rally, Quirk tells investors in a research note. He keeps an Overweight rating on Myriad Genetics with a $45 price target.

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CRWD

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0.87 (1.60%)

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  • 12

    Dec

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FB

Facebook

$189.25

5.96 (3.25%)

, V

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$178.66

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$278.77

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APHA

Aphria

$5.40

1.07 (24.71%)

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GOOG

Alphabet

$1,240.28

22.05 (1.81%)

, GOOGL

Alphabet Class A

$1,240.59

22.98 (1.89%)

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GOOG

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$1,240.62

22.39 (1.84%)

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23.71 (1.95%)

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TGT

Target

$111.99

0.85 (0.76%)

BBY

Best Buy

$68.65

-0.055 (-0.08%)

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GOOG

Alphabet

$1,240.95

22.72 (1.87%)

, GOOGL

Alphabet Class A

$1,241.95

24.34 (2.00%)

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$1,241.95

24.34 (2.00%)

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UNH

UnitedHealth

$235.51

15.19 (6.89%)

, CNC

Centene

$45.39

1.49 (3.39%)

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UNH

UnitedHealth

$235.51

15.19 (6.89%)

CNC

Centene

$45.39

1.49 (3.39%)

ANTM

Anthem

$249.46

14.73 (6.28%)

HUM

Humana

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MOH

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CI

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$159.78

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WCG

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$268.48

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TGT

Target

$112.03

0.89 (0.80%)

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BBY

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$68.72

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GOOGL

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$1,243.00

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GOOG

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$1,242.22

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WMT

Walmart

$119.12

(0.00%)

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BRK.B

Berkshire Hathaway

$209.71

1.86 (0.89%)

, BRK.A

Berkshire Hathaway

$314,700.00

3137 (1.01%)

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BRK.B

Berkshire Hathaway

$209.71

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BRK.A

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$314,700.00

3137 (1.01%)

BAC

Bank of America

$29.90

0.75 (2.57%)

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GOOGL

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$1,242.63

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BRK.B

Berkshire Hathaway

$209.67

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BRK.B

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$314,700.00

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BAC

Bank of America

$29.89

0.74 (2.54%)

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TSLA

Tesla

$258.25

1.35 (0.53%)

12:28
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  • 23

    Oct

DIS

Disney

$130.30

0.61 (0.47%)

, TCEHY

Tencent

$0.00

(0.00%)

12:25
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DIS

Disney

$130.30

0.61 (0.47%)

TCEHY

Tencent

$0.00

(0.00%)

GOOGL

Alphabet Class A

$1,242.12

24.51 (2.01%)

GOOG

Alphabet

$1,241.14

22.91 (1.88%)

AAPL

Apple

$235.75

-0.12 (-0.05%)

MSFT

Microsoft

$141.41

1.87 (1.34%)

SNE

Sony

$58.50

0.675 (1.17%)

NTDOY

Nintendo

$0.00

(0.00%)

KKR

KKR

$26.78

0.66 (2.53%)

TTWO

Take-Two

$122.75

1.63 (1.35%)

EA

Electronic Arts

$94.28

0.46 (0.49%)

ATVI

Activision Blizzard

$54.70

-0.3 (-0.55%)

UBSFY

Ubisoft

$0.00

(0.00%)

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    Nov

BCS

Barclays

$8.31

0.41 (5.19%)

12:25
10/15/19
10/15
12:25
10/15/19
12:25
Options
Barclays call volume above normal and directionally bullish »

Bullish option flow…

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  • 27

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12:25
10/15/19
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General news
FX Action: USD-CAD »

FX Action: USD-CAD has…

JPM

JPMorgan

$121.20

4.81 (4.13%)

, WFC

Wells Fargo

$51.07

1.77 (3.59%)

12:18
10/15/19
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On The Fly
Fly Intel: Wall Street's top stories at midday »

Stocks have been reacting…

JPM

JPMorgan

$121.20

4.81 (4.13%)

WFC

Wells Fargo

$51.07

1.77 (3.59%)

C

Citi

$71.82

1.54 (2.19%)

GS

Goldman Sachs

$205.30

-0.51 (-0.25%)

JNJ

Johnson & Johnson

$133.31

2.64 (2.02%)

UNH

UnitedHealth

$236.83

16.51 (7.49%)

RETA

Reata Pharmaceuticals

$158.02

57.65 (57.44%)

APHA

Aphria

$5.43

1.1 (25.40%)

PAGS

PagSeguro Digital

$40.53

-5.72 (-12.37%)

WLL

Whiting Petroleum

$6.74

-0.515 (-7.10%)

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TCEHY

Tencent

$0.00

(0.00%)

12:18
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10/15
12:18
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12:18
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