UPDATE: Piper Jaffray Lowers Price Target on LabCorp of America to $102

According to Piper Jaffray, LabCorp of America LH price target is lowered to $102. Piper Jaffray said that it believes utilization and volume concerns have weighed on shares of LH heading into the Q3 print on Thursday, October 20. “Maintain Overweight rating and lowering price target to $102 due to valuation pullback on volume and reimbursement uncertainties.” LabCorp of America closed yesterday at $78.33.