Jefferies analyst Brian Tanquilut maintains $Quest Diagnostics (DGX.US)$ with a buy rating, and adjusts the target price from $160 to $175.
According to TipRanks data, the analyst has a success rate of 49.5% and a total average return of 2.8% 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 revision of the guidance for Quest Diagnostics has been attributed mainly to the integration of LifeLabs and sustained elevated utilization trends. The defensive characteristics of Quest, especially in the context of an election cycle, along with more secure estimates for the coming years, keep the outlook positive.
Quest Diagnostics delivered a strong third-quarter performance, evidenced by exceeding expectations. The company managed to maintain its earnings forecast despite the challenges posed by hurricanes, and provided an optimistic preliminary outlook for fiscal 2025.
The firm has improved its estimates following Quest Diagnostics' strong third-quarter results and encouraging initial outlook for 2025. The company's earnings visibility continues to be robust, supported by stable underlying healthcare utilization trends, gains in market share, and a favorable mix.
Note:
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