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Jefferies upgrades QuidelOrtho to Buy, says ‘no news is good news’

As previously reported, Jefferies upgraded QuidelOrtho (QDEL) to Buy from Hold with a $44 price target The Q1 report highlighted improving EBITDA margins and the ability to fully mitigate tariffs, notes the analyst, who says that in the case of QuidelOrtho’s guidance being maintained with no tariff impact that “no news is good news.” Valuation has moved lower and the firm sees early signs of a turnaround under CEO Brian Blaser, the analyst tells investors.

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