UPDATE: Jefferies Assumes Coverage on OraSure Technologies at Buy on Weaker Demand Trend Concerns

In a report published Friday, Jefferies analyst Brandon Couillard assumed coverage on OraSure Technologies (NASDAQ: OSUR ) with a Buy rating, but lowered the price target from $12.00 to $8.00. In the report, Jefferies noted, “Concerns around weaker demand trends in OSUR's legacy product franchises have contributed to precipitous multiple