UPDATE: Citi Initiates Coverage on Acadia Healthcare at Buy

According to Citi, Acadia Healthcare Company ACHC coverage is initiated at Buy. Citi said that it is initiating coverage of behavioral services provider ACHC with a Buy rating and a $14.50 price target. “Organic patient demand, limited capacity growth, low capital intensity and a somewhat “protected” status with respect to government payors contribute to our view.” Acadia Healthcare Company closed yesterday at $11.54.