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Leerink Partners Sticks to Their Buy Rating for Idexx Laboratories (IDXX)

Leerink Partners Sticks to Their Buy Rating for Idexx Laboratories (IDXX)

Globe and Mail2 days ago
In a report released today, Daniel Clark from Leerink Partners reiterated a Buy rating on Idexx Laboratories, with a price target of $745.00. The company's shares closed yesterday at $653.95.
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Clark covers the Healthcare sector, focusing on stocks such as Elanco Animal Health, Idexx Laboratories, and Zoetis. According to TipRanks, Clark has an average return of 17.8% and a 76.92% success rate on recommended stocks.
In addition to Leerink Partners, Idexx Laboratories also received a Buy from BTIG's Mark Massaro in a report issued today. However, on August 11, Piper Sandler reiterated a Hold rating on Idexx Laboratories (NASDAQ: IDXX).
IDXX market cap is currently $52.32B and has a P/E ratio of 54.43.
Based on the recent corporate insider activity of 51 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of IDXX in relation to earlier this year. Earlier this month, Michael G Erickson, the EVP of IDXX sold 87.00 shares for a total of $56,536.95.
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