LabCorp Downgraded by Canaccord Genuity

Oct 25, 2018

NEW YORK (360Dx) – Following Wednesday's release of Laboratory Corporation of America's third-quarter financial results, which missed the consensus Wall Street estimates on the top and bottom lines, Canaccord Genuity today downgraded the company's shares to a Hold rating from a previous Buy.

The investment bank also lowered its price target on LabCorp's shares to $162 from $195.

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