Argus analyst David Toung raised the firm’s price target on Labcorp (LH) to $290 from $260 and keeps a Buy rating on the shares after its Q4 earnings beat. The firm believes that higher diagnostics volumes and positive pricing will drive growth for the company in 2025, and with market sentiment going negative for high-multiple equities, Argus sees upside for Labcorp shares which trade at just 14.4-times its expected forward earnings, the analyst tells investors in a research note. Both Diagnostics and Biopharma Lab Services Labcorp businesses are seeing solid volume growth and higher margins, the firm added.
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