Health Care Services

Piper Jaffray has lowered the price target on Quest Diagnostics (NYSE: DGX) from $61 to $55 and maintains its Neutral rating.

Krispy Kreme Doughnuts Inc (NYSE: KKD) is expected to report its Q2 EPS at $0.06 on revenue of $92.26 million. Hormel Foods Corporation (NYSE: HRL) is estimated to report its Q3 EPS at $0.35 on revenue of $1.87 billion. Shoe Carnival Inc (NASDAQ: SCVL) is projected to report its Q2 EPS at $0.30...

PharMerica Corporation (NYSE: PMC) today sent a letter to Omnicare, Inc. (NYSE: OCR) regarding the previously received and rejected unsolicited conditional proposal from Omnicare to acquire PharMerica for $15.00 per share in cash, subject to due diligence and regulatory approvals.

Ben R. Leedle, Jr., president and CEO of Healthways (Nasdaq: HWAY), announced that the Company has signed a definitive agreement to acquire Navvis & Company, a St. Louis-based firm providing strategic counsel and change management services both to enable its healthcare system clients to become...

Shares of Lincare Holdings (NASDAQ: LNCR) are lower on the session by 0.10%, currently trading at $20.20. The stock has been moving largely lower over the past three months and is currently trading below the 50-day moving average. Options traders are focusing on puts today. A short while ago the...

PharMerica Corporation (NYSE: PMC) today confirmed that it previously received and rejected an unsolicited conditional proposal from Omnicare, Inc. (NYSE: OCR) to acquire PharMerica for $15.00 per share in cash, subject to due diligence and regulatory approvals. The PharMerica Board of Directors...

Shares of PharMerica Corp (NYSE: PMC) jumped about 34.8% after Omnicare Inc (NYSE: OCR) offered to buy PharMerica for $441 million in cash. The offer of $15 per share represents a 37% premium to PharMerica's closing price on Monday. The transaction will be worth around $716 million, including...

Universal Display Corporation (NASDAQ: PANL) +18.67% after the company announced a patent license agreement with Samsung. GT Advanced Technologies (NASDAQ: GTAT) +8.03% on the announcement that the company will be added to the S&P SmallCap 600 index. Omnicare (NYSE: OCR) +7.43 after the...

Collins Stewart downgraded Suntech Power Holdings Co Ltd (NYSE: STP) from “neutral” to “sell.” STP's shares closed at $5.07 yesterday. STP's trailing-twelve-month ROA is 3.87%. Lincare Holdings Inc (NASDAQ: LNCR) was downgraded by Citigroup from "buy" to "hold." LNCR's shares closed at $20.22...

Omnicare Inc (NYSE: OCR) offered to buy PharMerica Corp (NYSE: PMC) for $441 million in cash. The offer of $15 per share represents a 37% premium to PharMerica's closing price on Monday. The transaction will be worth around $716 million, including PharMerica's net debt. OCR shares gained 3.53% to...

This is your Benzinga news summary and traders' outlook for Tuesday, August 23, 2011, covering headlines from overnight and Tuesday's pre-market session. Today in domestic pre-market trading, U.S equity futures are trading higher. At last check, Dow futures are up about 100 points and the U.S....

According to Citi, Lincare Holdings (NASDAQ: LNCR) is downgraded to Hold. Citi said that it is downgrading shares of LNCR from Buy/Medium Risk (1M) to Hold/High Risk (2H) primarily because it is increasing its view of longer-term earnings risk to the story from non-MDCR reimbursement pressure. “...

Omnicare (NYSE: OCR) today announced that it has sent a letter to PharMerica Corporation (NYSE: PMC) proposing to purchase all of the outstanding shares of PharMerica common stock for $15.00 per share in cash. The transaction is valued at approximately $716 million, which includes PharMerica`s net...

Citigroup has downgraded Lincare Holdings (NASDAQ: LNCR) from Buy to Hold and has lowered the price target from $26 to $21.

Shares of Lincare Holdings (NASDAQ: LNCR) are lower on the session by 3.06%, currently trading at $20.25. The stock has been moving largely lower over the past three months and is currently trading below the 50-day moving average. Options traders are focusing on puts today. A short while ago the...