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Promote this medical testing inventory poised to fall greater than 15% from right here, Citi says in downgrade

Newsican Admin by Newsican Admin
November 17, 2022
in E Money
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Promote this medical testing inventory poised to fall greater than 15% from right here, Citi says in downgrade
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It is time for buyers to promote shares of Quest Diagnostics , based on Citi. Analyst Patrick Donnelly downgraded shares of the medical testing firm to promote from impartial, citing dangers forward to the corporate earnings per share steering and 4% to five% long-term progress information for its base enterprise. “While management has continued to reiterate the $8.50 earnings number for FY23, even if we give the company credit for hitting this, we see the multiple as inflated and at risk for compression,”…



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