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Today's noteworthy initiations include: 1st Source (SRCE) initiated with a Neutral at DA Davidson... CDTi (CDTI) initiated with an Outperform at Cowen... Credit Suisse (CS) initiated with an Underperform at Exane BNP Paribas... Deutsche Bank (DB) initiated with an Underperform at Exane BNP Paribas... Dice Holdings (DHX) initiated with a Neutral at B. Riley... Expedia (EXPE) initiated with an Underweight at Morgan Stanley... Groupon (GRPN) initiated with an Equal Weight at Morgan Stanley... GrubHub (GRUB) initiated with an Overweight at Morgan Stanley... HomeAway (AWAY) initiated with an Underweight at Morgan Stanley... IAC (IACI) initiated with an Underweight at Morgan Stanley... LabCorp (LH) added to Conviction Buy List from Not Rated at Goldman... LinkedIn (LNKD) initiated with an Overweight at Morgan Stanley... Meredith (MDP) initiated with a Market Perform at Wells Fargo... Monster Worldwide (MWW) initiated with a Buy at B. Riley... Priceline (PCLN) initiated with an Equal Weight at Morgan Stanley... UBS (UBS) initiated with an Underperform at Exane BNP Paribas... VWR (VWR) initiated with a Neutral at Cleveland Research... Yelp (YELP) initiated with an Overweight at Morgan Stanley.

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Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.  1... To see the rest of the story go to thefly.com. See Story Here

Consensus $14.82. The company said, "Labcorp is updating 2024 full year guidance to reflect its first quarter performance and full year outlook. The following guidance assumes foreign exchange rates effective as of March 31, 2024, for the remainder of the year. Enterprise level guidance includes the estimated impact from currently anticipated capital allocation, including acquisitions, share repurchases and dividends."

Invitae (NVTA) announced that Labcorp (LH) has been selected as the winning bidder in the Company's auction in its sale process under Section 363 of the U.S. Bankruptcy Code. Labcorp will acquire substantially all of the Company's assets on a going concern basis for $239 million in cash consideration, plus other non-cash consideration. The hearing to approve the sale is currently scheduled for May 6, 2024. With Court approval, as well as customary regulatory approvals and closing conditions, Labcorp and Invitae anticipate completing the sale process in the third quarter of 2024.

Notable companies reporting before tomorrow's open, with earnings consensus, include Merck (MRK), consensus $1.87... Caterpillar (CAT), consensus $5.14... Comcast (CMSCA), consensus 99c... Honeywell (HON), consensus $2.17... Bristol-Myers (BMY), consensus ($4.44)... Altria (MO), consensus $1.15... Keurig Dr. Pepper (KDP), consensus 35c... GE Vernova (GEV), consensus (37c)... Royal Caribbean (RCL), consensus $1.33... Tractor Supply (TSCO), consensus $1.72... Mobileye (MBLY), consensus (6c)... Textron (TXT), consensus $1.23... LabCorp (LH), consensus $3.48... Southwest Airlines (LUV), consensus (34c)... American Airlines (AAL), consensus (29c)... Harley-Davidson (HOG), consensus $1.51.

Jefferies raised the firm's price target on Yelp to $43 from $42 and keeps a Hold rating on the shares. In a preview note for the U.S. Internet group, the firm says it will be looking for signs of sustainability in elevated ARPU growth at Yelp, especially as locations/app MAUs remain in decline.