OPK - Laboratory Corporation: A Healthier Diagnosis As Pandemic Headwinds Disappear
2024-04-01 02:20:59 ET
Summary
- LabCorp's shares have been trading around $200 for several years, but the company expects growth to return in 2024.
- LabCorp has acquired BioReference Health's laboratory testing business for $237 million, adding to its diagnostics segment.
- LabCorp is the largest laboratory service provider in the world and expects revenue growth in 2024, making it an appealing long-term investment.
Shares of Laboratory Corporation ( LH ) have continued to trade around the $200 mark, for quite a few years now, after the company was a relatively modest beneficiary of the pandemic, at the time boosting demand for its diagnostics solutions....
Laboratory Corporation: A Healthier Diagnosis, As Pandemic Headwinds Disappear