UPDATE: Bank of America Initiates Coverage on IDEXX Laboratories

Bank of America has published a report on on IDEXX Laboratories IDXX initiating coverage of the laboratory. In the report, Bank of America wrote, "We initiate coverage of IDEXX Laboratories (IDXX) with a Buy rating and a $90 price objective. IDXX is the leading provider of diagnostic equipment and services for veterinary practices, with over 31,000 diagnostic instruments placed worldwide. It is well- positioned amidst a rebounding veterinary market with a growing installed base of diagnostic equipment, innovative new products offerings, and advanced technological capabilities to fuel double-digit EPS growth over the next several years, exceeding industry growth." Bank of America rated IDEXX Laboratories a BUY with a price target of $90.00.