By: Benzinga
UPDATE: Sterne Agee Reiterates Buy Rating, Raises PT on Covance
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
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