UPDATE: Cantor Fitzgerald Initiates Hold, $8 PT on Health Management Associates
Cantor Fitzgerald initiates a Hold rating and $8 price target on Health Management Associates (NYSE: HMA) as the company's positive, acquisition-driven outlook.
Cantor Fitzgerald comments, "We are initiating coverage of Health Management Associates with a HOLD rating and an $8 price target that reflects our enthusiasm for its strategy and recent acquisitions, but does not assume a near-term recovery in hospital activity. ...All the same, we believe that Health Management Associates is well positioned longer-term because many of its hospitals are sole providers, and its high-profile partnerships and growing focus on systems, such as last year's acquisition of Mercy Health, make it an attractive managed care provider."
HMA closed at $6.85 a share on Thursday.
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