Jefferies Initiates Coverage On Universal Health Svcs With Hold Rating

According to Jefferies, Universal Health Svcs (NYSE: UHS) coverage is initiated with a Hold rating.

Jefferies reported that it is initiating coverage with of UHS with a Hold rating and $52 price target. “While the acquisition of Psychiatric Solutions (PSI) deepens UHS's presence in the fast-growing behavior health segment, incremental cost synergies above $35-$45 million may take longer to realize than what appears to be priced into the stock.”

Universal Health Svcs closed yesterday at $47.20.