UPDATE: Jefferies Lowers Price Target on Lincare Holdings to $25

According to Jefferies, Lincare Holdings LNCR price target is lowered to $25. Jefferies said that despite LNCR's strong management team and good cash flow outlook, it remains reluctant to get aggressive with LNCR at this point given soft organic growth trends, declining margins, comp bidding risk, and additional potential reimbursement pressure. “Reiterate Hold, PT reduced to $25 (from $29).” Lincare Holdings closed yesterday at $21.71.