UPDATE: Sterne Agee Reiterates Buy Rating, Raises PT on Covance
Posted on January 14, 2013 at 14:11 PM EST
In a report published Monday, Sterne Agee Group reiterated its Buy rating on Covance (NYSE: CVD ), and raised its price target from $65.00 to $73.00. Sterne Agee noted, “Over the past 10 years, CVD has traded between 10x and 27x next year earnings estimates (avg: 19x). Our $73 price