Argus Research analyst David Toung maintains $Quest Diagnostics (DGX.US)$ with a buy rating, and adjusts the target price from $165 to $175.
According to TipRanks data, the analyst has a success rate of 63.8% and a total average return of 9.7% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Quest Diagnostics (DGX.US)$'s main analysts recently are as follows:
The firm's outlook on Quest Diagnostics has been positively influenced by the integration of LifeLabs, which is a key factor behind the revised guidance, as well as persisting high utilization trends. The firm holds a favorable view on Quest, highlighting its defensive qualities amid an election cycle and more secure estimates for the coming years.
Quest Diagnostics delivered a strong performance in their third-quarter results, surpassing expectations. The company also maintained its earnings forecast despite challenges posed by hurricanes, and provided an encouraging preliminary outlook for fiscal 2025.
The firm has increased its estimates following Quest Diagnostics' strong third-quarter outcomes and encouraging preliminary outlook for 2025. The company's earnings visibility is deemed to remain robust due to consistent underlying healthcare utilization trends, gains in market share, and a favorable mix.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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