LabCorp gains; Baird raises PT on co

Laboratory of America Holdings

11/01/2023 16:21

** Shares of Laboratory Corporation of America Holdings
 LH.N  up 1.1% at $248.08
    ** Brokerage Baird raises PT on LH to $285 from $270; cites
issue related to importation of non-human primates (NHP) from
Cambodia "appears less daunting than first feared"
    ** NHPs were main animals employed in many pre-clinical
tests  
    ** Brokerage adds that diagnostics volumes are improving and
coming back to normal pre-pandemic levels and growth 
    ** Baird also expects extension of COVID public health
emergency and corresponding reimbursement benefit through
mid-April to help LabCorp's profit 
    ** LH shares lost ~25% in 2022
 (Reporting by Raghav Mahobe)
 ((Raghav.Mahobe@thomsonreuters.com;))