UBS upgrades Quest Diagnostics, says stock can rise even as Covid testing slows

Published Tue, May 4 20217:28 AM EDTUpdated Tue, May 4 202110:42 AM EDT

A Quest Diagnostics requisition form is displayed for a photograph at Perry Memorial Hospital in Princeton, Illinois, U.S..

Daniel Acker | Bloomberg | Getty Images

The market appears to be overly concerned about the impact of falling Covid cases on Quest Diagnostics, and investors should take a